Gen X and Boomers more willing to return to work, while Gen Z and Millennials prefer to wait: LinkedIn Workforce Confidence Index

LinkedIn, the world’s largest professional network, today announced the findings of the sixth edition of the LinkedIn Workforce Confidence Index, a fortnightly pulse on the confidence of the Indian workforce. Based on survey responses of 1,351 professionals in India, findings from the fortnight of June 1-14 reveal how India’s workforce feels about returning to work, and how professionals from different generations exhibit varied confidence levels towards returning to the physical workplace.

This fortnight’s LinkedIn Workforce Confidence Index shows that India’s overall confidence remains steady with a composite score of +48, as India gets ready to return work. The cautious optimism also reflects in the strong short-term and long-term employer confidence levels of professionals from sectors such as Corporate Services and Manufacturing. India’s workforce is also beginning to feel more confident about their personal finances as 1 in 4

Professionals will continue to be prudent about money management, given the prevailing uncertainties.

professionals in India expect their earned incomes (25%) and personal spending (26%) to increase in the next 6 months. In fact, about 1 in 3 professionals also expect their personal savings (31%) and personal recurring debt payments (29%) to increase in the next 6 months. This financial confidence comes at a time when India’s economy is gradually restarting.

Commenting on this rise in financial confidence, Leadership Coach Harsh Johari says, “Professionals will continue to be prudent about money management, given the prevailing uncertainties. While some businesses in the digital space are seeing growth, the actual financial impact on India Inc will only become clear when listed companies unveil their results for the quarter ending June 30.”

Working remotely for the past three months has encouraged businesses to adapt innovative and digital measures for business continuity. However, as India ‘unlocks’ and workplaces reboot, findings of the sixth Workforce Confidence Index underscore a pronounced difference in how the older and younger professionals feel about returning to the physical workplace.