Understanding the ethics of different generations
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This document discusses the differences in values between generations currently in the workforce, including Baby Boomers, Generation X, and Generation Y (Millennials). Baby Boomers value hard work, quality work, and respect based on seniority. They can be suspicious of new ideas and believe in traditional values. Generation X values balance, education, and ongoing training. They lack organizational loyalty and demand advancement opportunities. Generation Y is the most individualistic generation; they value flexibility, teamwork, and embrace change. Managing the different expectations and risks posed by each generation is important for organizations.
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Understanding the ethics of different generations
- 2. Fill in The Gaps: Understanding the ethics of every generation Jenny Reid Director
- 4. Key Drivers of Corporate Ethics Corporate Ethics Accountability Responsibility Integrity
- 6. Is everyone on the same page? • Age • Morals • Work Principles
- 7. The value chain Hiring = risk & reward Do you consider the generational differences?
- 8. Millennials and Born Frees
- 9. Baby boomers • Born 1946 -1964, • Largest part of the workplace • Results-driven • Work long hours • Quality work • Believe seniority = respect
- 10. Baby boomers • Place company before individual • Suspicious of new ideas • Believe traditional values are disintegrating. This could cause internal conflict.
- 11. Baby boomers Values • “Real” people • Personal Freedom • Patriotism • Integrity • Justice for All • Optimism • Savvy
- 12. Baby boomers • Acknowledge hard work • Acknowledge contribution. • Prestige is important to this group.
- 13. Generation X • Born 1965 -1980 • Strive for balance • Believes in working smart, not hard. • Needing structure and direction • Test authority. • Diverse and adaptable • Do not fear change but may be slow to embrace it.
- 14. Generation X • Lack of organisational loyalty, could present as slackness or demotivation. • High levels of education - if they decide to devise a scheme, they’ll know the best way to hide it from you.
- 15. Generation X • Don’t expect blind loyalty • Ensure on-going training • Advancement needs to be a HR priority.
- 16. Generation X Values • Relationships • Fun • Experience • Freedom • Family
- 17. Generation Y (Millenials) • Born 1981 -2000 • Most individualistic & ambitious generation. • Tech-savvy • Entrepreneurial flair • May view work as a way to fill in time before the next weekend.
- 18. Generation Y (Millenials) • Don’t want to be in one job forever - by 2020 40% of global workforce will be contractors • Switch jobs 6.3 times between 18 & 25 • 10% consider current job part of their career • Need a flexible & mobile work environment
- 19. Generation Y Values • Family & Relationships • Genuine matters – nothing phony • Optimistic • Embrace change • Advocates for the environment & social justice • Teamwork & balance • Spiritual
- 20. Generation Y (Millenials) • Understand the mind-set of a generation • Understand expectations of employees. • Understand what risks different generations pose Manage these risks effectively.