Source | economictimes.indiatimes.com | PTI
A majority of millennial and generation Z professionals are planning to ask for a pay hike in the next six months amid an uncertain economic climate, according to a survey. More than 2 in 5 professionals in India (41 per cent) feel well compensated for their work while 45 per cent of respondents are planning to ask for a raise in the next six months, as per the report.
This is being helmed by India’s younger professional generations, Gen Z (51 per cent) and millennials (51 per cent), who are most likely to ask their boss for a raise as compared to Gen X (40 per cent) and Boomers (26 per cent), LinkedIn Workforce Confidence Index said.
Generation Z are those who are born during the mid to late 1990s and the early 2010s, while millennials are anyone born between 1981 to 1996. Gen X are those born between 1965 and 1981; and Boomers are people born from 1946 to 1964.
LinkedIn Workforce Confidence Index is based on responses from 4,684 professionals from June 4-September 9 this year in India.