The Next Big Users of eSignatures - Millennials or Gen Z? DrySign

Electronic signatures have changed business dynamics in the workplace. Learn how Gen Y and Gen Z and their acceptance of the tool can reimagine workplaces

Apr 24, 2023 - 18:58

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The evolution of technology has transformed the way companies operate, providing them with endless opportunities to expand and diversify. With the advent of digital tools, companies have become highly organized, and employees are embracing them to enhance their productivity and add value at work. Today's workforce is composed of Millennials and Zoomers, who are digital natives and have grown up utilizing technology to its fullest potential.

In the past, companies faced a dilemma due to the overwhelming amount of paperwork they had to process. However, the digitization of workplaces has made this process much more manageable, streamlined, and efficient. One emerging technology that has captured the attention of organizations is electronic signatures or eSignatures. E-signatures simplify the process of business agreements and centralize document archiving, eliminating the need for pauses to complete tasks.

As workplaces continue to evolve and adopt digital tools like electronic signature generators, it raises the question of who will lead the way in its implementation - Millennials or Zoomers. Let's explore the answer.

The Generational Shift

As the nature of work continues to evolve, so do the expectations of each generation entering the workforce. To harness the full potential of these generations, companies must understand and anticipate their needs. Let's take a closer look at the two generations currently in the workforce.

Millennials – The millennials or Gen Y are one of the largest groups to enter the workforce after experiencing the evolution of the internet. Having gone from dial-up to broadband speeds, they recognize the value of convenience and efficiency. As reported by CommBox, 71% of millennials expect businesses to prioritize their time. They are always looking for ways to become more productive and rely heavily on technology to streamline their work processes.

Zoomers – The zoomers or Gen Z are the latest generations to enter the workforce. As digital natives, they are comfortable working with the latest technologies and rely on digital channels to make crucial decisions. This generation is adept at capitalizing on the opportunities opened up by globalization and prioritizes transparency and trust in the workplace. Companies must consider these characteristics to keep up with this new generation of employees.

Culture Shock

Organizational culture can be challenging to change, especially when it comes to legacy technologies. Here's how the different generations approach it:

Millennials – Millennials prioritize company culture and value a sense of purpose and belonging in their work environment. Despite growing up with technology, they are not easily distracted by it, contrary to popular belief. Instead, they leverage the full potential of digital tools to enhance productivity and efficiency. Their tech-savviness drives them to seek ways to optimize the workplace through technology.

Millennials will constitute about 64.8% of the Indian workforce by 2026

Zoomers – As digital natives, Zoomers are well-versed in modern work arrangements such as the gig economy, remote work, and flexible career paths. Their proficiency with cutting-edge tools allows them to adapt to new systems effortlessly and customize them to align with the organizational culture. Moreover, they are advocates for incorporating the latest technologies into office processes to achieve workplace flexibility.

Members of Gen Z entering the workspace amount to 18-20% of the Indian population

Also Read: How 2FA & eSignatures Ensure the Security of Digital Documents

What is the impact of flexible working?

Flexible working practices have become crucial for today's employees who prioritize work-life balance and the ability to work remotely. Here's how it affects different generations:

Millennials – are open to flexible working practices that allow them to be productive while maintaining a healthy work-life balance. Businesses that support work-life integration and offer flexible working can attract millennials, especially those who are working parents. Flexi-work allows them to enjoy the benefits of reduced working hours, flexible shifts, and incentives for overtime. Additionally, their focus on upskilling and gaining new experiences instead of climbing the corporate hierarchy makes them valuable to digitally-forward organizations.

Over 40% of millennials in India need cloud collaboration tools to improve productivity.

Zoomers – Similarly, zoomers are big on flexi-work, especially after their experience during the COVID-19 pandemic. They prefer to work remotely and consider work-life balance to be a key factor in their job search. As digital natives, they can leverage the power of digital tools to be highly efficient at work. Moreover, a flexible approach to work can help companies stay lean while delivering on their client promises.

Over 70% of Zoomers access the Internet to gather information

Flexible working plays a vital role in attracting and retaining top talent, especially millennials and zoomers who prioritize work-life balance and the ability to work remotely. Companies that offer flexible working arrangements can not only boost employee satisfaction but also gain a competitive advantage in today's job market.

The Case for Electronic Signatures

The increasing adoption of virtual signatures in the workplace represents a significant shift towards a more efficient and streamlined way of doing business. Electronic signatures enable employees to complete important tasks from anywhere and on any device, improving the overall employee experience. Online digital signatures not only help organizations save time and resources, but also provide a more convenient and user-friendly experience for employees.

Read More “The Next Big Users of eSignatures - Millennials or Gen Z?” https://bit.ly/43YA9xB

If you wish to embrace new-age technologies that can safely expedite the signing process, please feel free to contact us we are always happy to help. Follow us on LinkedIn, Instagram, Twitter, or Facebook and learn how electronic signatures can elevate your business workflows