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What Workers Want 2020 [Generational Perspective]

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The world is going through a skills revolutions and it is getting harder and harder to attract and retain the right talent.

Talent Leaders need to know what a multigenerational workforce is looking for.

Published in: Recruiting & HR
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What Workers Want 2020 [Generational Perspective]

  1. 1. Know What Workers Want Closing the Skills Gap:
  2. 2. 2What Workers Want 2019 Today’s Workforce Challenges Determining the right workforce strategy Competing in the digital age Upskilling individuals and workforces Attracting and retaining talent Finding the right talent Leading through digital transformation
  3. 3. 3What Workers Want 2019 Global Talent Shortages (2006 – 2019) Global Talent Shortages at a 13-Year High *Data collected in Q4 2017
  4. 4. 4What Workers Want 2019 Top 10 Most In-Demand Roles Globally
  5. 5. Solving the Talent Shortage: What Workers Want
  6. 6. 6What Workers Want 2019 What Workers Want Throughout Their Career
  7. 7. 7What Workers Want 2019 Gen Zs (age 18-24)
  8. 8. 8What Workers Want 2019 Millennials (age 25-34)
  9. 9. 9What Workers Want 2019 Younger Xers (age 35-44)
  10. 10. 10What Workers Want 2019 Older Xers (age 45-54)
  11. 11. 11What Workers Want 2019 Younger Boomers (age 55-64)
  12. 12. 12What Workers Want 2019 Older Boomers (age 65+)
  13. 13. 13What Workers Want 2019 Hierarchy of Needs 1. Pay always matters Pay is the top attraction and retention factor for all workers under 65 years old, regardless of gender. 2. Personalized career insight, driven from data and assessment 81% of workers who have been assessed report higher job satisfaction. 3. Challenging work in the form of education, experience and exposure People want challenging work, to develop skills and further careers. Challenge ranks among the top 5 priorities for workers of all ages, genders and geographies. 4. Flexibility and control over calendar is a must and contributes to worker wellbeing Flexibility ranks in the top 3 priorities for workers of all ages, genders and geographies, it's the 2nd most important attraction factor for workers aged 25-44. 5. Purpose is a must - workers want to take pride in what they do and who they work for Purpose, brand and reputation rank in top 10 attraction factors for all workers. Top Worker Needs
  14. 14. 14What Workers Want 2019 Address What Workers Want: Take 5 Actions Get creative about compensation Pay matters but so does… to help people meet the needs wherever they are in their career journey Reward people well Assess for fit and potential Provide people with the insight they need to thrive, and you’ll end up with more motivated and satisfied workers Build a Culture of Learnability Provide workers with the challenge they crave and the support they need to grow and succeed Create flexibility that allows One Life Wherever people are in their career life cycle – it drives wellbeing and productivity too Be more than transparent about your Why Be explicit and authentic about the purpose and meaning in your company’s mission and ensure leaders live it
  15. 15. 15What Workers Want 2019 A Holistic Workforce Strategy

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