{"id":20896,"date":"2019-11-21T10:59:33","date_gmt":"2019-11-21T10:59:33","guid":{"rendered":"https:\/\/strammer.com\/?p=20896"},"modified":"2019-11-21T10:59:33","modified_gmt":"2019-11-21T10:59:33","slug":"multi-generational-workforce","status":"publish","type":"post","link":"https:\/\/strammer.com\/en\/multi-generational-workforce\/","title":{"rendered":"Multi-generational Workforce: How to Manage One?"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-fullwidth-1  fusion-parallax-none nonhundred-percent-fullwidth\" style=\"border-bottom-width: 0px;border-top-width: 0px;border-bottom-style: solid;border-top-style: solid;padding-bottom:20px;padding-top:20px;padding-left:;padding-right:;\"><style type=\"text\/css\" scoped=\"scoped\">.fusion-fullwidth-1 {\r\n                            padding-left: px !important;\r\n                            padding-right: px !important;\r\n                        }<\/style><div class=\"fusion-row\"><div class=\"fusion-title title fusion-title-center fusion-title-size-one\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep-double sep-solid\" style=\"border-color:#5f80a0;\"><\/div><\/div><h1 class=\"title-heading-center\"><span style=\"color: #5f80a0;\">Generational Differences in the Workplace<\/span><\/h1><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep-double sep-solid\" style=\"border-color:#5f80a0;\"><\/div><\/div><\/div><p style=\"text-align: justify;\">Today, the <strong>multi-generational workforce<\/strong> is a reality in the workplace. It increases behavioural differences between workers, given the diverse historical backgrounds, experiences and work values.<\/p>\n<p style=\"text-align: justify;\">Here are the <strong>five<\/strong> generations working alongside each other:<\/p>\n<p style=\"padding-left: 25px; text-align: justify;\"><span style=\"font-size: 14pt; color: #5f80a0;\"> \u2666<\/span> <strong>Traditionalists<\/strong>: born between 1928 and 1945. Most of them are retired.<\/p>\n<p style=\"padding-left: 25px; text-align: justify;\"><span style=\"font-size: 14pt; color: #5f80a0;\"> \u2666<\/span> <strong>Baby boomers<\/strong>: born between 1946 and 1964. This generation is now in leadership and power positions and has the highest levels of work engagement.<\/p>\n<p style=\"padding-left: 25px; text-align: justify;\"><span style=\"font-size: 14pt; color: #5f80a0;\"> \u2666<\/span> <strong>Gen X<\/strong>: born between 1965 and 1980. Famous for attributing a lot of importance to work-life balance.<\/p>\n<p style=\"padding-left: 25px; text-align: justify;\"><span style=\"font-size: 14pt; color: #5f80a0;\"> \u2666<\/span> <strong>Millennials<\/strong>: born after 1980 and mid-1990. According to IBM, by 2030, this generation will represent 73% of the workforce.<\/p>\n<p style=\"padding-left: 25px; text-align: justify;\"><span style=\"font-size: 14pt; color: #5f80a0;\"> \u2666<\/span> <strong>Gen Z<\/strong>: born after 1996. Most of them are entering the workforce. Gen Z and Millennials are the least engaged generations.<\/p>\n<p style=\"text-align: justify;\">Given that generations obviously have different needs and work dynamics, companies and employees need to work together to decrease the generational gap. A 2017 Eurostat statistics showed that the biggest \u201cChallenge in managing a multi-generational workforce\u201d are the <strong>different styles of communication<\/strong>. As they were born with technology, Millennials and Gen Z prefer to communicate using digital devices (emails, chats, etc.). while previous generations prefer to communicate face-to-face.<\/p>\n<p style=\"text-align: justify;\">At the same time, all those generations have different <strong>motivations<\/strong>. Health insurance is the most important one for Baby Boomers while younger generations focus theirs on salaries. Loyalty is also a distinguishing factor. Millennials and Gen Z are the generations who are willing to stay less time in a job\/company when compared to older generations.<\/p>\n<p style=\"text-align: justify;\">It is equally important that companies promote <strong>teamwork<\/strong> among employees of different generations through collective training, workshops, activities outside of work and information exchange.<\/p>\n<p style=\"text-align: justify;\">In addition, employees\u2019 feedback on work needs and preferences is essential for leaders and co-workers. This will help them in tackling the multi-generation workforce challenge by being agile and constantly adapt to change.<\/p>\n<p style=\"text-align: justify;\">As many differences as different generational workers can have, they also have <strong>similar needs<\/strong>. A Harvard Business Review survey showed that all employees, regardless of their age, wanted their work to be <strong>meaningful<\/strong>. But for each generation, meaningfulness came from different factors. For example, Generation X wants work-life balance, while Millennials want a sense of community in the workplace.<\/p>\n<p style=\"text-align: justify;\">All things considered, it is easy to understand that a multi-generational workforce generates a <strong>diverse workforce<\/strong>. A 2017 SHRM study showed that generational diversity improves business performance and decreases employee turnover rates.\u00a0It is important workers feel valued and appreciated regardless of their age.<\/p>\n<p style=\"text-align: justify;\">In fact, the combination of fresh minds with experienced ones can be <strong>challenging<\/strong>. But it will be worth it. In accordance with a Forbes study, <strong>85%<\/strong> of companies agree that a diverse workforce brings innovative ideas.<\/p>\n<p><strong><u>References: <\/u><\/strong><\/p>\n<ol>\n<li style=\"text-align: justify;\">4 Key\u00a0Generational Trends in the Workplace, July 2019,<a href=\"https:\/\/www.inc.com\/dave-kerpen\/4-key-generational-trends-in-workplace.html?cid=search\" target=\"_blank\" rel=\"noopener\"> Inc.<\/a><\/li>\n<li>Working Better Together, 2019, <a href=\"https:\/\/peakon.com\/heartbeat\/reports\/working-better-together\/\" target=\"_blank\" rel=\"noopener\">Peakon<\/a><\/li>\n<li>Why Generational Diversity Is the Ultimate Competitive Advantage, May 2017, <a href=\"https:\/\/www.inc.com\/ryan-jenkins\/why-generational-diversity-is-the-ultimate-competitive-advantage.html?cid=search\" target=\"_blank\" rel=\"noopener\">Inc.<\/a><\/li>\n<li>How Different Generations Approach Work, May 2019, <a href=\"https:\/\/www.visualcapitalist.com\/generations-approach-workplace\/\" target=\"_blank\" rel=\"noopener\">VISUAL CAPITALIST<\/a><\/li>\n<\/ol>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":20897,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","myguten_meta_block_field":"","footnotes":""},"categories":[98],"tags":[],"class_list":["post-20896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/strammer.com\/en\/wp-json\/wp\/v2\/posts\/20896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/strammer.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/strammer.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/strammer.com\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/strammer.com\/en\/wp-json\/wp\/v2\/comments?post=20896"}],"version-history":[{"count":0,"href":"https:\/\/strammer.com\/en\/wp-json\/wp\/v2\/posts\/20896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/strammer.com\/en\/wp-json\/wp\/v2\/media\/20897"}],"wp:attachment":[{"href":"https:\/\/strammer.com\/en\/wp-json\/wp\/v2\/media?parent=20896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/strammer.com\/en\/wp-json\/wp\/v2\/categories?post=20896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/strammer.com\/en\/wp-json\/wp\/v2\/tags?post=20896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}