Millennials are tired, Gen Z is not interested, so who will run the company?
The article discusses the generational shift in corporate structures in India, highlighting the concerns of Millennials and Gen Z regarding their future roles in business.
In a Mumbai boardroom, a 64-year-old chairman ponders succession plans while a 37-year-old Millennial business head grapples with attrition, AI integration, and quarterly targets. Simultaneously, a 23-year-old Gen Z employee reflects on her prospects, questioning whether she will remain in her position long-term. On paper, India’s corporate structure appears stable, with Baby Boomers at the helm, Millennials as the backbone of management, and Gen Z stepping into entry-level roles. However, beneath this seemingly organized façade lies a significant question: Does the next generation truly wish to manage the system they are inheriting?
The article highlights the current dynamics where Boomers, who built companies during India’s liberalization, still hold influential positions in boardrooms while Millennials manage operations. Meanwhile, Gen Z constitutes the fastest-growing segment of new hires but remains skeptical about their future in senior leadership roles; a Deloitte survey found that only 6% of Gen Z aims for senior leadership positions. The piece sheds light on the pressures felt by Millennials and the disinterest from Gen Z, raising essential questions about the future of corporate leadership in India.