The workplace has looked and felt different for the past few years. For the first time in history, there are five generations in the workplace. With each generation creating unique challenges for employers, plus changing demographics and labor shortages, what can the business world do?
It’s a complex situation. Each generation has different preferences related to communication, teamwork, leadership style, technology, motivators, job loyalty, desired benefits, work-life balance, etc. If these preferences aren’t taken into consideration, a talented and important percentage of the workforce could be excluded from your hiring pool, and opportunities to innovate could be missed.
What are the differences among generations currently in the workforce? Why do these differences exist, and how can they be beneficial in a professional environment?
▪️ Traditionalists (born 1900–1945) Loyal to the company, dedicated, disciplined, job for life, retiring later
▪️ Baby Boomers (born 1946–1964) Loyalty, experience, authoritarian, structure, clear goals, recognition, bonuses, promotions
▪️ Generation X (born 1965–1980) Latchkey, work ethic, flexibility, skeptical of authority, work-life balance, independent, feedback in any form, professional development
▪️ Millennials (born 1981–2000) Technologically savvy, student loans, want financial stability, sustainability, sense of belonging, career path, employee experience, flexibility and freedom, wellness, sense of purpose
▪️ Generation Z (born 2001–2020) Digital natives, social media, new technology, most diverse generation, social responsibility, empathy, open communication, DEI, flexibility, mentoring, mental health, career development, one-on-one meetings
So, we know the different things generations typically expect and bring to the workforce, but so what?
The “what” here is that each generation has been shaped in their own time by national events, relationships, values, parental expectations, technology, and so much more. Differences can be scary (we’ve all read the articles on how hard it is to work with millennials and Gen Z, written by Gen Xers and baby boomers). But what can you, as a leader, do to work effectively across generations while also keeping the workplace productive, positive, and attractive to new talent?
The oversimplified and biggest takeaway from this is simple. There are differences across the generations, of course. The best way to learn how anybody wants to be communicated with, be respected, be compensated, or structure their workday is to talk to your people, often and directly. Knowing what generations want in general is a helpful tool in your leadership toolkit, but asking, “How can I give you experiences at work that matter to you?” will go further quicker. Everybody knows what they want and it changes all the time! But you’ll never know what will truly benefit someone until you ask directly.
If done correctly, you can have a thriving workforce of multigenerational teams who mentor each other, share ideas, work comfortably, communicate clearly, and stick around. It’s not easy but it’s simpler than you’d think!
To learn more about creating productive and diverse workforces or leadership training to support your team, contact Jan Edman at jan.edman@mranet.org and visit our website at www.mranet.org to learn more about what MRA can do for you!