There are many challenges facing managers and leaders in current workforce. The variety of cultures, races and generations in today’s environment is making work harder. “Managing will also get even more difficult because of globalization, multi-generational workforce, dependency on technology, unethical behaviors and practices.” (Kaifi,2013,pg.217). In this paper I will talk about the three generations that we have had over the past sixty years – the Baby Boomer Generation, Generation X and the current Generation Y, known as Millennials. This rich mix of generations in the workforce can be attributed primarily to labor shortages experienced in many industries and the rising average age of retirement.
First, let us talk about Baby Boomers. It is not unusual for Baby Boomers (born between 1946 and 1964) like to be in control. Moreover, it is understandable why because they have years of experience. Baby Boomers attempt to develop a spirit of friendship with team members whose on-the-job experience is very small. Members of the Baby Boom Generation tend to have a strong work ethic, good communication skills, and emotional maturity. “The Baby Boomers are also one of the most educated generations.”(Colquitt, Lepine, &Wesson,2011,p.85) Boomers continue to hold most of the power and control. Trained as thinkers, they will continue to have surprising influence on the workplace for at least another two decades and this is why it is important to balance their input by clearly
The generational span is exceedingly larger today than in the prior history of our nation. The multiple generations consist of the veterans 1922-1945, the baby boomers 1946-1964, the generation X 1965-1981, and, the generation Y 1982-1999, in addition, upcoming millennial generation born 2000-2016 (Murray, 2013). There frequently are misconceptions and misunderstandings based on the differing perspectives of each generation. Moreover, as an effective leader, one must comprehend and acknowledge the characteristics of each generation and utilize these individualities to mentor and motivate the staff they are leading (Hendricks & Cope, 2012). In addition to considering the impact of the generational
When boomer demand slams into the market place, prices soar (until the fad passes). Nothing stops the baby-boomer. There is somewhat of a bright side to all the spending and boomer traffic. Being just a few steps ahead of the boomer can make an individual very well off if you know which way they are headed. Boomers have always acted this way. Still the largest generation in the United States has been shifting markets ever since the diaper and baby food industries in the late 1940's (Geoffery 59-64). Construction of elementary facilities exploded for municipal budgetsLos Angeles was spending $1 million a week on new schools in the mid-1960's (Geoffery 59-64). After that happened, the boomer moved on abandoning a huge amount of those facilities. When younger boomers wanted cars, the Mustang and Camaro were considered a phenomenon and as the boomer herd passed so did the sales. Suburban homes in beautiful areas were next since boomers were doing the family thing. Prices on suburban homes exploded in the 80's and as usual; when the boomer left, so did the sales.
“After a century of trying to control people, processes and information, we have come to a point in organizational history where we need to recognize that what worked before just simply isn’t enough anymore.” This goes to prove that over time just like everything else evolves our behaviors towards our colleagues has to evolve as well. And management has to learn the new behaviors of his/her employees. The Millennials and generation Z needs to know that they are appreciated and need to be challenged before they get bored, hence the reason why managers need to learn
As students, freshmen come into high school knowing that they are hated by every upperclassmen in the school, with the exception of some friends and possibly family. The freshmen don’t understand why they are disliked, and most of the upperclassmen can’t tell you why they despise the freshmen, except for some unproved responses such as: “They’re annoying”, or “They’re so immature”. This sequence occurs every year. As the freshmen turn into upperclassmen, they too develop a hate for the incoming freshmen. This relationship is common on a larger scale as well; older generations view the younger generations as annoying, dumb, and immature. Dealing with three generations today, we have the omniscient Baby Boomers (1946-1964), impious
The workplace of today involves interactions among people from four different generations often causing much conflict for leaders and organizations. Each generation represented has its own set of different values and beliefs. These differences can easily lead to conflicting barriers within the workplace. This can pose a significant problem for those in leadership. In order to combat this issue, leaders and organizations can effectively deal with these issues by offering different programs such as executive mentoring, town hall meetings, and leadership seminars for those in leadership.
What if i were to ask you a question? What makes you capable to think about your answer? What do you think makes you capable of reading this paper? Do you remember learning skills you still use today like learning to talk or walk even think? What if i were to ask you to recall your favorite memory of your happiest or saddest day would you remember it clearly? Clearly your brain is at work in all these examples but how does your brain understand this jumble of words in this paper? I 'll explain how that works and how the brain of a certain generation can affect everything even the economy
They deplore the fact that a post-secondary education is no longer an automatic ticket to the perks of a middle class lifestyle. They also demonstrate distaste for institutions and labels, and feel that freedom of expression and liberation of self is fundamental for positive change. On that token, one of the most controversial topics of comparison between the Baby Boomers and the Millennials is that of work ethic. Boomers are often thought of as being hard-working and industrious. They often tie much of their self-worth directly to their professional achievements. They are often competitive which drives them to take on a host of professional responsibilities. This keeps them motivated and self-assured. Millennials have a tendency to want to start at the top, side-stepping the entry level positions and the upper rings of corporate ladder that Boomers dedicated decades of their time to
The generation of hard working Americans that innovated our way of life and catapulted us into the twenty first century is aging. This fact alone will lead to skyrocketing medical costs and a compromised lifestyle for those in the Baby Boomer generation. As a result, a large number of diseases will increase, including Alzheimer's. According to The Alzheimer’s Association, “These numbers will escalate rapidly in coming years, as the baby boom generation has begun to reach age 65 and beyond, the age range of greatest risk of Alzheimer's.” A shocking “estimated 10 million baby boomers will develop Alzheimer’s” and “by 2050, an American will develop Alzheimer’s every 33 seconds”
Canada is currently a very prosperous issue. However, there are a number of potential issues that could threaten this prosperity. These issues are economic, political, social and demographic in nature. In many cases these issues are a combination of economic, political, social and demographic factors.
After World War 2 as soldiers returned home they were looking to settle down, start families and make up for lost years caused by the war. This became known as the baby boom which first began in Canada in 1947 and lasted until 1966, it started later and lasted a couple years longer compared to the United States. This baby boom not only effected Canada then but continues to effect the country today and into the future. The baby boom effected Canada in many different ways, starting with how Canada’s demographics drastically changed in the early years of the boom. Another change was the economy which blossomed and, whose target audience were mainly the Boomers. The baby boomers are still affecting Canada today as they
Andrew J. Cherlin, a sociologist at John Hopkins University and specialist in the sociology of families and public policy, attempts to answer the question: how has the institution of marriage changed in the United States during the past sixty years? Cherlin starts with the changes in marriage that come from many things and that mostly has to do with the long term changing in culture and morals of people. Recent decades have seen a development of individualism and an increasing importance in marriages. The increase of women into the workforce and the need for wage labor are the beginning of the trends brought on by transition of marriage.
“The number of employees over the age of 55 has increased by 30 percent; however, the number of 25- to 54-year-olds has only increased by 1 percent” (Claire, 2009). In 2008 the eldest of the 77 million baby-boomers turned 62. Estimates are that by the end of the decade about 40 percent of the work force will be eligible to retire. As people begin to reach the age of retirement there may be not be enough new employees to fill the gap (Clare, 2009). Companies need to find ways to attract Boomers and Millennials. Companies that want to attract Boomers and Millennials need to be creative in their culture, HR policies and work environments.
Effective leaders of my age are faced with a few challenges, quite a few actually. One being the generational divide that currently exists between four different workplace peer groups: Traditionalists, Baby Boomers, my age group of Generation X, and Millennials. Aside from increased global diversity, our workforce has mushroomed with generational cultures as well. Young associates of today are the future leaders of tomorrow, yet there is an obligation to honor the long-term commitment of our older associates. When bridging these distinct generations,
Many changes are happening in the workforce today. Our labor environment consists of multiple generations, which creates fundamentally differing approaches to everything from work ethics, business management, and co-worker cooperation. The most recent generation, commonly known as “Generation Y” or the “Millennial” generation, is slowly taking over the workforce. Because they bring with them a radically new mindset and opinion of labor, the global business infrastructure should be modified to not only accommodate “Millennials,” but also to remain sympathetic to the business practices characteristic of previous generations. Doing so will provide more harmony and productivity among co-workers of different generational backgrounds.
When it comes to Millennials, there is nothing that screams “business as usual.” Consequently, savvy leaders who want to remain successful in the global business arena, must concede their current method of attracting, engaging, developing and retaining Millennials as future global leaders is ineffective. Therefore, today’s leaders must develop a more compelling strategy to entice Millennials into leadership. Failure to use strategic foresight to recognize trends regarding future organizational trends and take timely actions to change their tried and true, old school philosophy regarding developing and retaining talented employees will result in losing the competitive edge, which is driven by technology-laden Millennial’s who are poised to innovation.