Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Working to Live, Not Living to Work: Five Insights into the Gen X Workforce


Published on

Published in: Career, Business
  • Be the first to comment

Working to Live, Not Living to Work: Five Insights into the Gen X Workforce

  1. 1. Working to Live, Not Living to Work:Five Insights into the Gen XIndependent WorkforceSteve King: Partner, Emergent ResearchCarolyn Ockels: Partner, Emergent Research
  2. 2. ModeratorGene ZainoPresident & CEO, MBO Partners
  3. 3. We Make it Easy for Independent Consultants &Their Clients to Work Together3
  4. 4. Webinar Controls4The full screen iconmaximizes thepresentation area.The chat box allows youto send a question to thepresenter.The raise hand iconalerts the organizerthat you have aquestion or comment.
  5. 5. Expert Speakers – Emergent Research5Steve KingPartnerCarolyn OckelsPartner
  6. 6. Gen X• Born From 1965 to 1979• Current Age 33-48• Roughly 50 Million Americans• Came of Age During the“Great Moderation”• Known as the “SlackerGeneration” in the 90’s6020406080100Gen Y Gen X BoomersMillions of People
  7. 7. Gen X Independents• 5.9 Million Strong• Roughly 50-50 Male/Female• Average Income = $51,000• Average Tenure asIndependent Workers = 9years7
  8. 8. Gen X: Choosing Independent Work• Highest percentage of anydemographic group to chooseindependence8Gen x Not Gen XChose Independence 68% 51%Became Independentdue to factors beyondmy control10% 14%Unable to find atraditional permanentjob8% 15%Lost Job 13% 22%Inability to findemployment whenentering job market4% 18%
  9. 9. Gen X Independents Highly Satisfied• Gen X is one of the mostsatisfied demographic groupsand plans to stayindependent9Gen xSatisfied withIndependent Work88%Plan to Stay Independent 64%Plan to Build a BiggerBusiness12%Plan to seek a full-timejob12%
  10. 10. Gen X Adds “On-My-Terms” to the Job Equation• Values the freedom, flexibilityand control that independentwork provides10Gen x Not Gen XWork/Life Flexibility 57% 45%Control Career 60% 39%Work on Projects andTasks I like58% 42%Do What I Love 64% 47%
  11. 11. Gig Gurus• Gen X sees and is reacting tothe shift to a gig economy11Gen x Not Gen XSelf Describe as GigGurus54% 45%Self Describe asBusiness Owners30% 45%Get Work Due toSpecialized Skills83% 61%My Industry IncreasingRelies On IndependentWorkers64% 47%
  12. 12. Creative Pursuits Trump Money• Gen X least likely to chooseindependence for the moneyand most likely to be in acreative field12Gen x Not Gen XSelf Identified as an artistwriter or performer22% 10%Listed occupation ascreative/design12% 6%Media is primary industryserved17% 3%Choose independent workto make more money28% 38%
  13. 13. Facing the Challenges of Independence• Gen X are realists about thechallenges of independence13Gen x Not Gen XUncertain income stream 62% 51%Worry about retirement 50% 35%Worried about the future 34% 28%I feel more secure workingindependently than if I hada traditional job37% 40%
  14. 14. Looking to the Future• Gen X entering primeindependent work years• Coming war for talent favorsGen X independents• The appeal offreedom, control andflexibility is increasing• Continued growth in thecontingent workforce14
  15. 15. Questions and Discussion15
  16. 16. For More Information:
  17. 17. For Additional Information on MBO Partners17• EMAIL US -• VISIT our website -• FOLLOW US on Twitter - @mbopartners• SIGN UP for out monthly newsletter -
  18. 18. Thank you