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Managing Across Generations
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Managing Across Generations

Feb 22, 2016

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Page 1: Managing Across Generations

Managing Across Generations

Page 2: Managing Across Generations

What is a Generation?

A society-wide peer group, born over a period roughly the same length as the passage from youth to adulthood (21 years), who collectively possess a common persona that could be defined by the historical and sociological experiences they have shared…

Howe & Strauss, Millennials Rising

Page 3: Managing Across Generations

Are you Connected with all Generations in your

Workplace?What do my Employees

want and need?

How do I engage and retain my Employees?

How do I manage myDiverse workforce?

Page 4: Managing Across Generations

Matures /TraditionalistsPrior to 1946

Baby Boomers1946-1964

Generation X1965-1980

Generation Y/Millennials1981-2000

• Stable

• Loyal

• Hardworking

• Technology Challenged

• Slower to Change

• Risk Averse

• Experienced

• Relationship Builders

• Service Oriented

• Driven

• Process before Results

• Dislike Conflicts

• Technology Literate

• Not intimidated by Authority

• Creative

• Skeptical

• Impatient

• Risk Takers

• Technology Savvy

• Team-oriented

• Global Mindset

• Multi-taskers

• Opinionated

• Need Structure

• Value Social Networking

Generational Attributes

Page 5: Managing Across Generations

Challenges in today’s diverse Multi-Generational Workforce• For the first time, we have four different

generations in the workplace.• There will be a mass exodus of Baby Boomers in

the next five years which will result in a huge loss of work experience.

• New generations cause rapid culture changes that require agile, flexible management.

• Two experienced workers leave the work force for every one inexperienced worker we hire.

Page 6: Managing Across Generations

Shifts in the Labor Force

• Baby Boomers are retiring: 30 to 40% of workforce are eligible or will retire over the next 5 to 10 years.

• Generation Y/Millennials are expected to produce the largest # of employees in the history of America: 80 to 100 million new employees!

Page 7: Managing Across Generations

Current Percent of Total Workforce

per Generation (in Millions)Matures/Traditionalists,

8%

Baby Boomers, 46%

Generation X, 23%

Generation Y/Millennials, 23%

Matures/Traditionalists Baby Boomers Generation X Generation Y/Millennials

Page 8: Managing Across Generations

Projected Percent of Total Workforce per Generation (in Millions) by 2015

Matures/Traditionalists, 3%

Baby Boomers, 40%

Generation X, 20%

Generation Y/Millennials, 37%

Matures/Traditionalists Baby Boomers Generation X Generation Y/Millennials

Page 9: Managing Across Generations

A Company’s 2013 Challenges• Changing Demographics

– Greater Employee Diversity– Workplace impact

• Performance and Productivity

• Competition for Critical Talent– Engagement – Retention

• Workforce Planning– Turnover– Recruiting

Page 10: Managing Across Generations

Generational Characteristics

Page 11: Managing Across Generations

Events and Experiences

Matures/Traditionalists• World War I • Typical work week was

reduced from 60 hours to 45 hours

• World War II• Great Depression

Baby Boomers• Cold War Begins• Civil Rights

Movement• Space Exploration

Page 12: Managing Across Generations

Events and Experiences

Generation X• Civil Rights Movement• Shift from Blue Collar

to White Collar Occupations

• Energy Crisis• Watergate

Generation Y• Desert Storm• Oklahoma City Bombing• Columbine School Shooting• War in Iraq Technology

Page 13: Managing Across Generations

Personal Values

Matures/Traditionalists• Hard Work• Dedication & Sacrifice• Respect for Rules• Duty before Pleasure• Honor

Baby Boomers• Optimism• Team Orientation• Personal Gratification• Involvement• Personal Growth

Page 14: Managing Across Generations

Personal Values

Generation X• Diversity• Techno Literacy• Fun and Informality• Self-reliance• Pragmatism

Generation Y• Optimistic• Techno Literacy• Feel Civic Duty• Confident• Achievement

Oriented• Respect for Diversity

Page 17: Managing Across Generations

Generation X Characteristics

• Generational personality– Self-reliant, nontraditional– Skeptical, risk-takers

• Work ethic– Flexible, informal– Multitasking, balance

• Leadership style– Egalitarian, fair, competent– Thrive on change, challenge

• Teaming style– Independent, cooperative– Virtual

Page 19: Managing Across Generations

Matures /Traditionalists Baby Boomers Generation X Generation Y/

Millennials

Attributes

• Stable• Detail-oriented• Thorough• Loyal• Hard working

• Service-oriented• Driven• Willing to “go the

extra mile”• Good at

relationships / teams

• Want to please

• Adaptable• Techno-

literate• Independent• Creative

• Collective action• Optimistic• Tenacious• Heroic spirit• Technologically

savvy

Potential Challenges

• Inept with ambiguity / change

• Uncomfortable with conflict

• Reticent to disagree

• May not be naturally cost conscious

• Reluctant to go against others

• Process ahead of result

• Sensitive to feedback

• Judgmental

• Impatient• Inexperienced• May have

challenges communicating with people

• Need supervision and structure

• Inexperienced• May have hard

time handling difficult people issues/conflict

Generational Differences

Page 20: Managing Across Generations

Generations On-the-Job

Page 21: Managing Across Generations

Career ManagementMatures/

Traditionalists Baby Boomers Generation X Generation Y / Millennials

Career Goals

“Build a legacy” A lifetime career with one company

“Build a stellar career”Excel in career

“Build a portable career”A repertoire of skill, experience

“Build parallel careers” Several jobs simultaneously

Work/LifeSupport Me in Maintaining Balance

Help Me Balance Everyone Else and then Find Meaning for Myself

Give Me Balance Now, Not When I’m 65

Work Isn’t Everything, I Need Flexibility to Balance All My Activities

Page 22: Managing Across Generations

Matures/TraditionalistsCommunication

– “Okay, I’ll do what you tell me to do” Feedback

– “There is a time and a place for feedback”Time Management

– “I’ll give you an honest day’s work for an honest day’s pay”

Work-Life Balance– “Gimme flextime!”

Development– “I’ll get my training on the job, thank you!”

Page 23: Managing Across Generations

Baby BoomersCommunication

– “You don’t need to tell me that. I know it already!”

Feedback– “Tell me more”

Time Management– “I’ll work until I drop!”

Work-Life Balance– “Is this workaholic life worth it?”

Development– “Hey, skills are important but my success

comes from my work ethic!”

Page 24: Managing Across Generations

Generation XCommunication

– “What? I’m listening. I can listen and do something else at the same time”

Feedback– “Give it to me immediately and honestly so I

know I’m on the right track”Time Management

– “What does it matter when I work, as long as I get the job done!”

Work-Life Balance– “I’ll do overtime only when necessary!

Development– “I’m gonna get skills left and right; my next

job will be from this collected set!”

Page 25: Managing Across Generations

Generation Y/MillennialsCommunication

– “I don’t need another meeting to learn about the new policy, just send me an email”

Feedback– “I want praise; if I don’t hear from you, I’ll

think you hate my work”Time Management

– “It’s 5pm; I’m outta this gig!”Work-Life Balance

– “Decisions-decisions. Do I want a life…or a promotion?”

Development– “I want new skills as I don’t have the time to

gain them…”

Page 26: Managing Across Generations

What Does Each Generation Want?

• Continuous development• Control of time• Synergy• Incentives• Flexible leadership

Page 27: Managing Across Generations

Key Generational DriversMatures /

TraditionalistsPrior to 1946

Baby Boomers1946-1964

Generation X1965-1980

Generation Y/Millennials1981-2000

• Want expertise and experience to be valued to build a good life

• Transitioning to retirement

• Dealing with dependent care needs (issue for about 1/3 of mature workers)

• Focused on company sponsored retiree health care options

• Looking for “flexible” job opportunities – reduced physical demands, re-training, volunteering, and/or reduced hours

• Want hard work to be valued – to build a better life

• Planning for retirement

• Raising children and saving for children’s education

• Taking care of aging parents

• Dealing with stress of balancing work and personal life

• Looking for advancement opportunities, including leadership

• Want company to value individual contributions – to live better

• Saving for retirement

• Raising children and saving for children’s education

• Want balance between work and personal life

• Valuable flexible work hours

• Expecting advancement opportunities, including leadership

• Want to value own contributions – to live a better life

• Starting to save

• Saving for a home

• Thrive in an informal workplace with flexibility and volunteer opportunities

• Requiring advancement opportunities, lots of recognition, mentor access

• Value access to outside education

• Use social networks and high-tech tools

Page 28: Managing Across Generations

Tips to Managing Across Generations

Page 29: Managing Across Generations

Work Performance Expectations

• Every employee should be held to the same standard.

• No exceptions should be made that compromises the integrity of the job or diminishes the effectiveness of your department to carry out its mission.

• All employees should comply with policies and procedures set forth.

Page 30: Managing Across Generations

Valuing Differences

• The most successful leaders find a way to let every generation be heard.

• Leaders recognize that no one person has all the answers.

• Appreciation of diversity allows each group to contribute and be a part of the growth of a department or organization.

Page 31: Managing Across Generations

Matures/Traditionalists

• Break through stereotypes and earn trust.• Give a chance to learn at own pace.• Respect experience; ask to help transfer

that accumulated knowledge.• Give reasons to be loyal; gain their

confidence by demonstrating compassion and understanding.

Page 32: Managing Across Generations

Baby Boomers• Show appreciation for energy, hard work

and contributions.• Acknowledge influence as important

members of the team; challenge them to contribute.

• Involve them in helping to set the organization’s direction and implementation of change.

• Support work/life balance.• Offer opportunities to be a coach.

Page 33: Managing Across Generations

Generation X

• Serve as role model.• Understand they are not “company people,”

they’re selling you their talents.• Reward with time and learning

opportunities.• Clearly communicate that repetitive tasks

and quality checks are part of the job.

Page 34: Managing Across Generations

Generation Y/Millennials

• Take time to orient to organizational culture.• Take an active role in plotting future; spend

time talking about them, not work.• Give lots of visibility.• Celebrate team successes with individual

rewards as well.• Provide structure and strong leadership.

Page 35: Managing Across Generations

Adapting Programs to a Multi-Generational Workforce

Health/Wealth Career Work/Life

• Medical• Dental• Vision• Life AD&D Insurance• HealthCare Flexible

Spending Account (FSA)• Dependent Care Flexible

Spending Plan• Short-Term Disability• Long-Term Disability• 401(k) Plan• Health Advocate• Employee Assistance

Program (EAP)

• On-Boarding• Employee Engagement

Activities• Performance Management• Talent Management• Career Pathing• Tuition Reimbursement• Lunch and Learns• Toastmasters

• Services and Colleague Discounts

• Service Recognition• Volunteer Time Off

Program• Green Initiative• Flex Time*• Compressed Work Week• Vacation• Personal Days

Page 36: Managing Across Generations

Q & A

SCC Services Groupwww.sccservicesgroup.com

Email: [email protected]: 954-444-3668