Winning The Generations Game
About
- Four generations work side by side in today’s workplace: Traditionalists (born 1900-1945), Baby Boomers (born 1946-1964), Generation Xers (born 1965-1981), and Millennials (born 1982-1999)
- Generations have unique perspectives on individual leadership, communication, problem solving, and decision-making
- Generational awareness can help improve corporate culture, encourage employee engagement, increase employee retention, provide recruitment advantage, and improve customer service
Millennial Influence
Millennials will become 75% of the global workforce by 2025, making it imperative that organizations aim to understand how to attract, retain, and engage the Millennial workforce.
- Recruitment – make the process personal, authentic, and straightforward; y-size your website; clearly state expectations; detail specific projects; offer more than money; explain career path
- Retention strategies – create challenges and milestones; promote collaboration; value communication and provide feedback often; schedule talent management reviews; reward performance; create transparency and access to leaders
- Mentoring – consider non-traditional methods such as reverse mentoring, group mentoring, and anonymous mentoring
- Workplace wellness – create innovative wellness initiatives; establish employee choice and control over work; create collaborative settings; design branded spaces; consider virtual communities
Bridging the Gap
Organizations should work to implement the following: competitive base pay, career advancement opportunities, challenging work, flexible schedules, and competitive health care benefits.
Questions to Consider
- How is the workplace changing as a result of multiple generations working side by side?
- Has your organization’s policies and general way of doing things changed as a result of this?
- Are leaders in your organization adequately equipped to manage the multi-generational workforce?
- What strategies are in place at your organization to attract, retain, and engage Millennials?
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