Sim & Dif In Lead Gen X & Y

1. A Study of Similarities and Differences in Leading Generation X and Y
Presented by: Caryn Bursey

2. Problem
Both generations have similar and different characteristics and need specific leadership styles
One of the biggest reasons employees leave an organization is their supervisor (Gravett & Throckmorton, 2006)
Payroll is one of the biggest line items in HR & Corporate Budget
Corporations lose millions of dollars in recruitment and turnover costs.

3. GENERATION Defined
GENERATION: Each Generation is a group of individuals born and living contemporaneously who have common knowledge and experience that affects their thoughts, attitudes, values, beliefs and behaviors (Johnson & Johnson, p.6., 2010)

4. Generation X Defined
Simons (2010), defines Generation X as People born between 1964 and 1977 (p.30).
Also known as: Latch-key Kids, Sandwich Generation, Baby Busters and more.
Latch-key kids? It is estimated that 40% of children were given a key to there home to fend for themselves (Johnson & Johnson, 2010)

5. Gen X History
In the 70s, 50% of these marriages ended in divorce, this meant that roughly half of all Gen Xers witnessed the dissolution of their families (2010, p.64.)
Gen X has the smallest birth rate (Simon, 2010, Mcalister, 2009).

6. Things That Defined Generation X

7. Generation X Characteristics
They are self sufficient, pliable and flexible.

Xers have learned to do things for themselves and handle problems on their own.

8. Dislike authority and rigid work requirements

I don't need someone looking over my shoulder
Work well in multicultural settings
Practical approach to getting things done
Live for today mentality

9. Generation X Values and Work Ethic
Diversity
Thinking globally
Balance
Techno-literacy
Fun
Informality
Self-reliance
differently oriented toward work
just a job
Flexible hours, informal work environment, just the right amount of supervision
Multi-tasking
Give them lots to do and freedom to do it their way

10. What makes them tick?
They tend to avoid corporate politics they have no orientation for this
They are generally not very interested in traditional perks
They are usually motivated by the prospect of independence, the lack of corporate structure, a lack of rigidity, and the latest technological advances
Unlike their Brethren, Gen Y; they do not synthesize with technology.

11. The Myths surrounding Gen X
Higher Salary is more important than work balance.
Gen Xers strive for a balance between work and life and are motivated by freedom to do things their way.
Catalyst (2005) a long-time womens organization describes; Gen Xers have several reasons for wanting to use alternative work schedules.
The top reason was to meet childcare responsibilities, followed by the ability to attend school, personal health and personal reasons unrelated to the family (p. 39).

They are arrogant
They are intensely self-confident and sometimes taken for arrogant, but rather children who have had to solve problems on their own. (Minerd, 2009)

Theyre not willing to work hard.
In interviews, Gen Xers consistently tell us they are willing to work very hard. They dont want to be taken advantage of, though. Many believe its unfair to expect a seventy-hour week for forty hours of pay. And, as a generation, theyre committed to having a life beyond work.
Adapted from Claire Raines, Beyond Generation X (Menlo Park, CA: Crisp Publications, 1997)

Theyre living on easy street.
In the 1950s, young homeowners could make the monthly mortgage payment by using 14% of their income. Today it takes 40%. And today, folks older than sixty will get back about $200 for every $100 they put into Social Security. Gen Xers will lose more than $100 for every $450 they contribute.
Adapted from Claire Raines, Beyond Generation X (Menlo Park, CA: Crisp Publications, 1997)

15. Generation X key characteristics they want in their leaders
Approachable
Actively listens to their ideas, suggestions and needs
Is supportive of the need for a life outside of work
Has a high level of integrity
Provides regular feedback beyond the annual review
Doesnt micro-manage but lets them do their job and ask for help if necessary

16. Generation Y Defined
People born between 1978 and 1994 according to Mcalister (2009, p13) and Simon, (2010, p33).
Other names for this group are Generation Xs, Echo Boomers, Digital Generation, Nexters, Helicopter Kids, Baby-on-Board, etc.
Baby-on-Board?
BABY ON BOARD!

17. Gen Y History
Born from Parents of young Baby Boomers and Generation X, from birth this generation has taken a place of priority in the world.
Parental Control, Tracking, Childrens Defense
RESULT: Lack of Consequences, Little Responsibility & No heavy lifting (Johnson & Johnson, 2010)

18. Things That Defined Generation Y

19. Generation Y Characteristics

Make up 41% of the US population and most 50% of the full-time workplace Resenweits & Iyer, 2001, p.91)

20. Typically team-oriented, banding together to date and socialize rather than pairing off

21. They text, talk, listen to music but that doesnt mean they are retaining information McAlister, 2009, p.34)

22. Respond well to personal attention

Sim & Dif In Lead Gen X & Y

Documents

gen xers

menlo park

claire raines

crisp publications

key kids

johnson amp

defined generation

gen