'Generation R' workers are achieving greater productivity in remote work settings, according to Oracle's Asia Pacific head of human resources applications, Shaakun Khanna. Getty Images
'Generation R' workers are achieving greater productivity in remote work settings, according to Oracle's Asia Pacific head of human resources applications, Shaakun Khanna. Getty Images
'Generation R' workers are achieving greater productivity in remote work settings, according to Oracle's Asia Pacific head of human resources applications, Shaakun Khanna. Getty Images
'Generation R' workers are achieving greater productivity in remote work settings, according to Oracle's Asia Pacific head of human resources applications, Shaakun Khanna. Getty Images

The rise of Generation 'R'


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As the world anxiously waits for the lockdown to end, a new generation of workers is evolving and getting ready take on the new world of work.

The global workforce as we’ve known it has been made up of five diverse generations – each with their own unique working styles and preferences. However, recent worldwide lockdowns have forced these individuals into a new, but identical, lifestyle of remote work.

These generations, who were vastly different, are now all facing similar professional demands and common limitations. In a matter of weeks, a large majority of workers adapted and developed new habits, beliefs and ethics. For the first time, different generations are starting to think alike.

I have been speaking to multiple business leaders and employees across a variety of industries and regions. What I found was, in response to this pandemic, people are learning, unlearning and recalibrating themselves. These individuals seem to have reset themselves according to our new circumstances and have evolved into a new generation. Let us call them Generation R.

What is Generation R?

Generation R is the group of individuals who, during the course of the lockdown, have developed new skills, embraced new paradigms and re-adjusted their world view. They have given up their old way of thinking and have developed a new point of view.

This generation feels much more in control, more resilient and more comfortable with ambiguity. They are preparing to work harder than ever before and are finding new ways to achieve productivity, balance and a sense of purpose.

Based on my conversations, I believe Generation R workers share these four characteristics:

They are proactively preparing for a new normal of work

Gen-R workers believe that the world of work is going to change significantly when the current challenges are solved, and they’re preparing for it now. They feel the future workplace will become more competitive, impacting their career direction and future opportunities. But instead of just waiting for it to happen, Gen-R workers have committed to learn at least one new skill during the lockdown. They plan to have multiple sources of income and try new roles and jobs once the world returns to normal.

They are finding productivity in remote work settings

While many workers prefer working in pre-defined, fixed office hours, Gen-R actually prefers the remote work options. They believe the flexible schedules and technology available allows them to be more productive when working from home.

They are prioritising a balance between personal and professional

Despite the lockdown blurring boundaries between home and work, Gen-R workers have learned to juggle both personal and professional lives successfully. With managers showing an understanding to new schedules and offering appreciation for hard work, these employees are finding new ways to achieve a work-life balance.

They are becoming more environmentally conscious

Interestingly, as a result of the lockdown, Gen-R perceptions around the environment and sustainability have shifted. Having realised the impact that humanity has on our environment, they believe they owe more to society and the environment than before.

So, what does this mean for organisations?

The future workforce will be coming back to a post-pandemic world with new beliefs, skillsets, aspirations and work ethics. They will have new expectations and priorities as employees, forcing organisations to adapt and evolve in order to meet new demands. Here are four ways HR can encourage that:

Revisit employee mobility

When employees return to some state of normality in the workforce, many will want to try new challenges, test out new skillsets and find new roles. Organisations should find ways to provide these types of opportunities within the enterprise. Offering mobility to pick up projects for new teams and try new roles in addition to their usual jobs will provide the growth opportunities they’re looking for. It is like opening a gig economy for existing employees so they don’t have to look outside.

Enable truly flexible work environments

For those who find increased productivity and efficiency in a remote work setting, organisations should consider supporting these working conditions with the right technology and processes. This would mean removing functional limitations for remote workers and providing high-security platforms and cloud applications that can run full force anytime, anywhere and on any device.

Strengthen workplace culture

Employee expectations towards empathy and understanding will be permanently altered once normalcy returns. Work life and personal life have become one and the same, and the importance for teams being understanding and flexible for personal matters will continue. Leaders and managers will need to evolve their leadership and managerial styles accordingly. It will be important for organisations to identify and strengthen their workplace culture by empowering and supporting their employees through whatever ‘new normal’ we find.

Provide purpose-driven opportunities

The current situation is placing a new sense of purpose on people's minds. Employees will be looking to their organisations to assume greater corporate social responsibility to support the greater good. Companies not being responsible corporate citizens will find it increasingly difficult to attract, recruit and retain Gen-R talent. Simple things like wellness and volunteering initiatives can help support organisations in this shift.

How the world of work will evolve after the current crisis is unpredictable. However, some of these trends will signify the beginning of a new era. Generational differences are losing relevance and Generation R commonalities will be front and centre in the future of work.

Shaakun Khanna is Asia Pacific head of human capital management applications for Oracle

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

UAE tour of the Netherlands

UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures:
Monday, 1st 50-over match
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match

UAE currency: the story behind the money in your pockets

THE SPECS

Engine: 2.0-litre 4-cylinder turbo

Power: 275hp at 6,600rpm

Torque: 353Nm from 1,450-4,700rpm

Transmission: 8-speed dual-clutch auto

Top speed: 250kph

Fuel consumption: 6.8L/100km

On sale: Now

Price: Dh146,999

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Company%20profile
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The specs

Engine: 1.6-litre 4-cyl turbo

Power: 217hp at 5,750rpm

Torque: 300Nm at 1,900rpm

Transmission: eight-speed auto

Price: from Dh130,000

On sale: now

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Day 1 results:

Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)

Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)

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SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FLIP%204
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The specs

Engine: 3.5-litre twin-turbo V6

Power: 380hp at 5,800rpm

Torque: 530Nm at 1,300-4,500rpm

Transmission: Eight-speed auto

Price: From Dh299,000 ($81,415)

On sale: Now

COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

The specs

Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder

Power: 220 and 280 horsepower

Torque: 350 and 360Nm

Transmission: eight-speed automatic

Price: from Dh136,521 VAT and Dh166,464 VAT 

On sale: now

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

THE SPECS

Range Rover Sport Autobiography Dynamic

Engine: 5.0-litre supercharged V8

Transmission: six-speed manual

Power: 518bhp

Torque: 625Nm

Speed: 0-100kmh 5.3 seconds

Price: Dh633,435

On sale: now

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”