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

1. The Next Big Users of eSignatures - Millennials or Gen Z? 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. How eSignatures are Reimagining Work at Current Workplaces

2. 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 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 How eSignatures are Reimagining Work at Current Workplaces

3. 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. Also Read: How 2FA and eSignatures Protect Digital Documents Benefits of eSignatures In today's fast-paced business world, electronic signatures offer a reliable solution for organizations seeking to rapidly expand their operations. By eliminating the need for paper- based transactions and manual processing, electronic signatures help businesses save time and resources while increasing efficiency and productivity. Here are its benefits: High Processing Speed– Electronic signatures considerably improve internal operations' processing speed. Since agreements are digital-based, current employees can proofread documents and reduce the margin of error. If there are any errors, employees can rectify them immediately without the need for continuous printing. How eSignatures are Reimagining Work at Current Workplaces

4. Low Operational Expenses– Companies will be able to cut down on operational costs by switching to digital documents. Crucial documents can be stored and managed virtually on the cloud. Paperless Trails– Electronic signatures can provide transparency to communications and ensure goals are met. Project stakeholders can be accountable for their targets and provide their approval digitally. Advanced Security– Electronic signatures provide advanced security to digital documents. Since companies safeguard their data, this solution employs two-factor authentication and other security verification methods to keep malicious actors away. Legally Enforceable– In India, electronic signature solutions are legally enforceable and comply with the Information Technology Act of 2000. This means that documents signed using eSignatures hold validity in court proceedings. How DrySign is Effective DrySign is a trusted digital signature maker that enables users to easily create and apply their digital signatures to electronic documents. With just a single click, users can provide their consent and sign documents from anywhere, at any time. DrySign is committed to adhering to international eSignature laws and regulations, ensuring its users can access a reliable, secure, and flexible platform for signing and managing their documents. In conclusion, understanding the differences in how each generation views productivity is essential for businesses to thrive in the digital age. With the help of digital technologies, collaboration and productivity can be enhanced across different age groups. Electronic signatures are a powerful tool that can streamline processes and improve efficiency for all generations. DrySign, a trusted digital signature maker, offers a simple and compliant solution for users to consent to electronic documents with just a single click. It is a tool that can help businesses scale rapidly and unlock the potential of their workspace. So, whether you are a millennial or a zoomer, DrySign can help you streamline your work processes and achieve your organizational goals. Unlock the potential of your workspace with DrySign. Have more questions? Click here for digital signature FAQs. Source: thehindubusinessline.com | dailypioneer.com DISCLAIMER: The information on this site is for general information purposes only and is not intended to serve as legal advice. Laws governing the subject matter may change quickly, and Exela cannot guarantee that all the information on this site is current or correct. Should How eSignatures are Reimagining Work at Current Workplaces

5. you have specific legal questions about any of the information on this site, you should consult with a licensed attorney in your area. Contact Us How eSignatures are Reimagining Work at Current Workplaces