According to recent research, the vast majority of workers in every generation (89%) see age diversity at work as positive. They cite the positive benefits of learning from different generations in the workplace. But that doesn’t mean they expect smooth sailing. In that same study, 78% of respondents also believed intergenerational work can lead to conflict.
With such different priorities, getting all four generations working together smoothly may be daunting. But the truth is, having such a diverse range of age and experience in the workforce presents companies with unprecedented opportunities for growth.
In this article, we’ll discuss some of the challenges posed by these differences. We’ll also share the benefits of managing them and tips on how to do so successfully.
The strengths of the different generations in the workplace can make it difficult to know how to manage an age-diverse team. Here are some obstacles to be aware of in a multigenerational workplace:
It may seem like a lot of work to address differences and juggle priorities. With some of these generations on the verge of retiring, is it worth the effort?
Supporting each age group’s needs and getting them to collaborate seamlessly has enormous benefits for your company, now and in the future. Here are some key reasons you should take on the challenges of managing different generations in the workplace.
The combination of longer life expectancy and, in some countries, a rise in the legal retirement age means more people are extending their work life.
Senior employees have a wealth of industry knowledge, and younger employees are more well-versed in recent technology and communication. Both are important for helping you reach your goals in the modern workplace.
You need leaders who understand new tech and its implications. In some cases, that may mean Gen Z and Millennials stepping into management roles sooner than their older counterparts did. It may also mean they’ll be managing some of those counterparts.
Research shows that diversity of experience on a team leads to better problem-solving and more productivity. Keeping each generation happy will let you tap into that power.
These realities give you good reason to ensure smooth transitions and easy communication between the generations at work. So, how do you do that exactly?
What are their behaviors? And what impact will they have on the workplace, business, and the economy?
Given its experience growing up in the aftermath of the Great Recession, you might think Gen Z has emerged as a pragmatic, risk-averse, non-entrepreneurial group motivated by job security. Instead, a more nuanced picture emerged as we explored their career aspirations, career development, working styles, core values, behavior and character, education, and stance on diversity.
While salary is the most important factor in deciding on a job, Generation Z values salary less than every other generation: If given the choice of accepting a better-paying but boring job versus work that was more interesting but didn’t pay as well, Gen Z was fairly evenly split over the choice.
To win the hearts of Generation Z, companies and employers must highlight their efforts to be good global citizens. And actions speak louder than words: Companies must demonstrate their commitment to a broader set of societal challenges such as sustainability, climate change, and hunger.
As organizations evolve, managing generational differences in the workforce presents both challenges and opportunities. Acknowledging these differences can foster growth and collaboration. Here are six tips for effectively managing Generation Z to leverage the unique strengths of all generations.
As we draw insights from the preferences and behaviors of our newest generation entering the workforce, we must also look at how “work” is changing and evolving. The new realities produced by these forces of change present us with complex questions, including the ethics around human-machine collaboration, how to plan for 50-60 year careers, and how we unleash organizations through a continuum of talent sources.
The future of work will call for a return of the Renaissance figure: a person with many talents, interests, and areas of knowledge. It will require a fusion of four key work skills:
We think Gen Z will have the ability to demand greater personalization in how they move along their career journey. For organizations to attract and retain the best and brightest of the generation, it will require a different mindset.
To attract Gen Z, employers must be ready to adopt a speed of evolution that matches the external environment. That means developing robust training and leadership programs, with a real and tangible focus on diversity.
Develop the profile of a great employee, establish internal apprenticeship programs, or hire smart, talented people and then match them with a role once inside the organization.
Consider the attractiveness of the industry you are in and the reputation of your company and plan accordingly.
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