Baby Boomers
|
Gen X
|
Gen Y
“Millenials”
|
|
Born
|
1946-1964
|
1965-1980
|
1981-2000
|
Influences
|
-Moon Landing
-Woodstock
-Vietnam
|
-Thatcherism
-Women out to work -
latch key kids
|
-Gulf War & 9/11
-Technology
-Recession
|
Characteristics
|
-Work together/teamworking
-Value job security
-Communicate through
meetings and emails
|
-Independent
-Hardworking
-Technically Savvy
-Value work-life
balance
|
-Narcisstic
-Digital Natives
-Highly connected
1000+ connections
-Communicate quickly
via texting & instant messaging
|
Workplace
|
-Used to hierarchical,
top down, leadership
-Starting to retire
|
-Smaller population
-“Dead Man’s Shoes” lack
of progression due to Baby Boomers
-19 year retirement
period
|
-Why can’t we do
things differently
-Go round the rules
|
Challenges
|
-Keeping them engaged
-Value team working
-Resistant to change
|
-Fall behind or move
ahead?
-Perfectionists
|
-Rounding off the
edges more quickly
-Multi-tasks e.g.
phone, 1-1, gadgets
-Seek fast progression
-Expect coaching &
instant feedback
-Fun in the workplace
-See everyone as a
friend
|
So what does this mean for the 2020 workplace? It is anticipated that by 2020 48% of employees in the UK workplace will be "millenials". This will require a significant shift in leadership styles and approach. The out-dated form of top down leadership will no longer be effective for this mix of generations. Research has identified that the most important factor for this multi-generational mix, in terms of motivation and retention, is the working relationship they have with their line manager.
Our earlier posts of "Authentic Leadership" and "What Type of Leader Do You Want to be?" highlight the shift in leadership approach that has already started.
Are you a leader or manager? Our future blog posts will explore how best to manage this mix of 3 generations in the workplace. In the meantime you might want to try the 14 point Quiz from the Pew Research Centre "How Millenial Are you?"