Generations 1

1. Employee Retention: Thriving in
a Multi-Generational Era
06.18.2014
©2014 Volt Information Sciences, Inc. All rights reserved. Proprietary & Confidential

2. Linus Law
Branch Manager, Administrative & Industrial
LLaw@Volt.com
Charles Herchelroath
Manager, Training and Development
CHerchelroath@Volt.com
Introductions
2

3. The Multi-Generational Workforce
Generation Years Born Age
Work Place
%
Traditionalists 1922-1945 69-92 4.2%
Baby Boomers 1946-1965 49-68 38.1%
Generation X 1965-1980 34-49 32.2%
Generation Y
/Millennials
1981 – 2000 14-33 25.5%
3

4. What Traditionalists Think
Baby Boomers
Self-absorbed
Gen Xers
Don’t respect experience
Millenials
Smart & have good manners
4

5. Traditionalists
Rigid and resistant to change
Gen Xers
Slackers/rude
Millenials
Need too much attention
What Baby Boomers Think
5

6. What Generation X Think
Traditionalists
Too set in their ways
Boomers
Don’t walk the walk
Millenials
Too self-absorbed
6

7. What Millenials Think
Traditionalists
Trustworthy and brave
Boomers
Work too much
Gen Xers
Always unhappy
7

8. When Generations Collide
Three Clash Points
Career goals
Balance
Feedback
8

9. Career Goals
Identify the career goal
for each generation
Parallel careers
Stellar career
Legacy
Portable career
9

10. Balance
Identify the work/life balance
preferences for each generation
Give me balance now, not when I’m 65
Support me in shifting the balance
Help me balance everyone else & find
meaning myself
Work isn’t everything, flexibility to
balance my activities
10

11. Feedback
Identify the preferred feedback
method for each generation
Sorry to interrupt, but how am I doing
Once a year, with lots of documentation
No news is good news
Feedback whenever I want it,
at the push of a button
11

12. The Future Workforce,
The Current Dilemma
Millennials will
make up 75%
of the workforce
by 2025
91% of Millenials
expect to stay in a
job 3 years or less
12

13. Millennial Retention Strategies
Career Goals – Build Parallel Careers
13

14. Millennial Retention Strategies
Feedback - Whenever I want it, at the push
of a button
14

15. Millennial Retention Strategies
Balance - Work isn’t everything, flexibility to balance
my activities is
15

16. Thank You