Generations in the workplacePresentation Transcript
Generations in the Workplace
Segmenting the Generational Workforce
Understanding Generational Preferences
Managing Different Generations
Defining Generations 10% of today’s workforce, eager to work and learn, educated and diverse Born between 1980 and 2000 Generation Y 40% of today’s workforce, seeking a work/life balance Born between 1964 and 1980 Generation X 45% of today’s workforce, known to have invented the 60 hour work week Born between 1945 and 1964 Baby-Boomers 5% of today’s workforce, but common through the CEO ranks Born before 1945 Post WWII % of Workforce Birth Year
U.S. Workforce Demographics
Workforce overall is getting older.
Significant workforce shortage is predicted.
Nearly half as many Xers as Boomers.
Team members in their 30s are the most mobile in history.
Contrasts Across Generations
Comfort with Technology
Contrasts Across Generations Prefer quality of life over compensation Do not trade off high compensation for increased quality of life Value simplicity more than other employees and place lower importance on the value of life’s work Place a great importance on life’s work Remain with the company as long as it meets their needs Seek commitment and loyalty Seek tangible rewards Derive satisfaction from getting a job finished Younger Workers Mature Workers
The Post WWII Generation 1933-1945 Loyalty Pride in country Respect for authority Dedication Financially conservative Duty before pleasure Learn from the past Tradition
Recruiting, Retaining, and “Re-careering” Post WWII
Emphasize the integrity and values of the organization.
Demonstrate strong customer orientation.
Discuss future opportunities.
Discuss career planning.
Offer options for flexible scheduling.
Leveraging the Post WWII
Acknowledge experience and expertise.
Ask them to mentor.
Discuss how their contributions affect the organization.