Managing Millennials in the Indian Workplace, Strategies, for Attracting Retaining Talent

Abstract

India's largest demographic group, the millennials, born between the years 1981 and 1996, constitute a staggering 36% of the country's population. In spite of the abundant amount of research carried out on the features, requirements, stimulations, and outlooks of millennials in the West, the corresponding work performed in India has been lacking. Due to the fact that these aspects have a profound influence on the Human Resource Practices of firms to attract, retain, and motivate millennials, it is critical to explore their requisites and mindsets. The study endeavors to combine the results of both Western and Indian surveys of millennials to HR tactics in Indian firms, to create insights that enable organizations to comprehend and cater to the prerequisites of this crucial demographic. The millennials of India come from diverse backgrounds, have differing experiences and aspirations, and comprehending these subtleties is indispensable in crafting effective HR policies. For instance, Indian millennials are inclined to attach more significance to job security as opposed to their Western counterparts, and hence, could be reflected in HR tactics that highlight career development and long-term career planning. Furthermore, Indian millennials prioritize work-life balance and a positive workplace culture, which can be reflected in policies that provide adaptable working arrangements and opportunities for collaboration and innovation.