Generations at Work – War of Talents: Knowledge Paper

A new generation is taking its place in the workforce and with it comes new influences, new attitudes and an explosion of technology.

Right now today, if you look around any office of reasonable size, you can see an historic landmark. For the first time ever, there are 4 generations sharing the workspace. But the significance of this moment is immense – it is the start of the transition of power within the workplace.

Just for a year or two longer, four generations share the same workplace, each with very different attitudes and needs. A majority of Baby Boomers (1945 – 1965), a slightly smaller group of Generation Xers (1965 – 80), and a handful of both Traditionalists
(pre 1945) and Millenials (post 1980).

However, as the final few Traditionalists retire over the next year or so, the oldest Baby Boomers reach retirement age also. Whilst many intend to keep working, Boomers will generally leave the workplace en mass over the next decade, and with them will go valuable experience and know-how. How an organisation manages this tran- sition has huge implications for its future well-being. At the same time, a new generation is taking its place in the workforce and with it comes new influences, new attitudes and an explosion of technology.

 

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