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Intergeneration al Challenges at Work - and How to Use Them for Performance Advantage BM2B - Matching Talent to Need 1

Intergenerational challenges at work

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Today’s workforce is comprised of four generations, each with their own working styles, workplace environment and communication preferences, and views of how they expect to be treated as employees. This creates challenge for organizations in terms of attracting, recruiting and retaining high performers. These challenges will only grow as, by 2020, there will be five generations in the workplace and Boomers, the current leadership and dominant cohort, will be replaced by the less expert Generation Y cohort. Today, more than ever, Human Resources experts can take a leadership role in addressing these challenges and leveraging the differences for performance advantage.

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Today’s Workplace Makeup (%)

Traditional-ists Boomers

Gen XGen Y

05

10152025303540

5

40

2530

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Next Decade Workplace Makeup (%)

Tradi-tionalists Boomers Gen X Gen Y Gen Z

0

10

20

30

40

50

1

2220

50

7

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Expectations of Work

Traditionalists Boomer Gen X Gen Y

Loyal, respect authority

Competitive Self-reliant Pack-oriented

Common goals Optimistic, team-oriented

Sceptical, career-oriented

Self importance, loyalty to others

Performance Results Results + Fun Career

Compensated for doing job

Reward for results Reward for outcomes

Seek rapid success

Put aside their own needs for company. Job security

Seek promotion & career growth – job security

Achieve work/life balance

Sense of community, work is part of life continuum

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Influences & Styles

Traditionalists Boomer Gen X Gen Y

WWII Vietnam War Latch key Internet

Loyal, dependable Self-worth, egotistical

Independence, adaptability

Independent, collaborative

Live to work Live to work Work to live Balance

Dependable, believe in sacrificing for others

Expect others to have the same work ethic

View world with some cynicism and distrust

Everyone should get more from their employers

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Communication PreferencesTraditionalists Boomer Gen X Gen Y

Formal Semi-Formal Irreverent Fun

Face to face (formal)

Email, face to face reigns – local connections

Networking, LANs, WANs

Interactive, global-minded, always connectedFreedom, flexibility, technology choice

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From Face to Face to Facebook

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Why Communication Matters

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√ Communication is a management system

√ Performance requires engagement

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Why Communication Matters

• Collective purpose• Improved morale• Improved productivity• Improved teamwork• Less grapevine• Pride in results• Reduced absenteeism• Improved understanding of direction• Confidence in, acceptance of, management decisions*.

• *Excerpted from “The Manager is the Medium” The Mindszenthy & Roberts Corp.

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Why Communication Matters

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• 7 in 10 have ‘friended’ a co-worker or supervisor

• 68% of Twitter users ‘follow’ a co-worker or supervisor

• Social sites checked almost as often as business email accounts

• 2 out of 5 would take a lower salary if they were offered BYOD

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Why Communication Matters

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Creation of ‘job flirts’• 2/3rds of these ‘flirts’ use social

networks to enhance their career prospects outside of their current employer

Office staff are active across a wide range of social tools for professional purposes • >70% use it at least once per

month - 21% use LinkedIn, 20% Facebook, 9% Google+, 8% Twitter

• Only 10% of these active social media users use these networks routinely to discuss work with their colleagues.

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Multigenerational Challenges

• Misalignment of goals and effort• Communication issues• Managing change – resistance to change• Teamwork • Conflict within, and across, generations

=• Productivity – lower morale, lost opportunities• Engagement – less loyalty or interest• Retention and recruitment – high performers will not be

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What to do…what to do?

√ Develop Yourself

√ Develop a Strategy

√ Develop Others

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Develop Yourself

1. Gain a sound understanding of the generations in your workplace - research

2. Evaluate the differences and similarities and develop an appreciation for both – knowledge

3. Incorporate the concept of ‘flexibility’ into your leadership world – competency

4. Build your social network understanding and capability5. Evaluate and implement your coaching and mentoring

skills – reflection and feedback.

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Develop a Strategy

• Employer brand• Social network & connect it to the talent management strategy• Learning and development • The demographic gift

• Leadership competency• Open communication• Creativity and innovation • Coaching and mentoring• Critical thinking • Team building• Influencing others

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Develop Others

• Purpose and values• Your brand• Learning and development• Location options• Team participation – actual and virtual• Coaches and mentors• Foster collaboration• Utilize resident expertise

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Start your process NOW!

1. Research the generations in your workplace2. Find ways to leverage differences and similarities3. Take stock of current leaders and their skills4. Provide forums for collaboration5. Make leadership development a priority.

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