Generational Differences Between Baby Boomers and...

Generational Differences Between Baby Boomers and Millennials and The Impacts on HR Kimberly Senkler September 14, 2010 Human Resource Management BA 421 KP Normally we tend to think of diversity in relation to age, race, gender and religion. These days there is more focus being given to diversity in the form of generational differences. While the other factors in diversity (age, race, gender and religion) tend to lead to legal issues, generational diversity is generally more of a performance issue. Generations can be loosely defined as bodies of individuals born and living at about the same time. â€Å"Each generation is molded by distinctive experiences during their critical developmental periods† (Twenge, 2008). The†¦show more content†¦Millennials tend to be technologically advanced and eager to learn. They also value social responsibility and team-work. They are often seen as impatient and quick to express opinions without having all of the data. Millennials are quick to jump-ship if they do not feel if they are progressing fast enough, often at speeds that might be seen as unreasonable. Dayan (2005) says that about 5.6 million Millennials are about to enter the employment market. Millennials are said to be the most challenging generation for employers. Attracting Boomers and Millennials â€Å"The number of employees over the age of 55 has increased by 30 percent; however, the number of 25- to 54-year-olds has only increased by 1 percent† (Claire, 2009). In 2008 the eldest of the 77 million baby-boomers turned 62. Estimates are that by the end of the decade about 40 percent of the work force will be eligible to retire. As people begin to reach the age of retirement there may be not be enough new employees to fill the gap (Clare, 2009). Companies need to find ways to attract Boomers and Millennials. Companies that want to attract Boomers and Millennials need to be creative in their culture, HR policies and work environments. According to the U.S. Census Bureau the number of people 65 and older will possibly double by the year 2030. According to Yager (2008) forecasts are showing that the United States could reach a labor shortage by 2030. AsShow MoreRelatedBaby Boomers And Millennials796 Words   |  4 PagesGenerational differences are apparent in almost all interactions between anyone of differing ages. These differences can be anything from the way people dress to their views on politics. Two of the largest generations in the world are Baby Boomers, people born from 1946-1964, and Millennials, people born from 1981-1998. As Baby Boomers continue their last couple years of work before retirement, and as Millennials continue to join the working community, these generations are increasingly interactingRead MoreManaging A Team Of Multi Generational Workers Essay1565 Words   |  7 Pages In today’s world, the problems of managing a team of multi-generational workers can be best described by the difference in the generation in the workforce. This usually is the main reason for conflicts in the workplace but sometimes can be a boon for the employers for the development of an organisation to be more efficient and productive. Authoritative approaches to deal with these inadequate nowadays as these are of differing values and attributes with varying ambitions to either compete or collaborateRead MoreThe Human Resource Director Of St. Anthony Foundation917 Words   |  4 PagesAnthony employs between 130-150 employees at varying professional levels, ranging from staff re-entering the workforce from the community it serves to highly skilled medical professionals. Multi Generational Workforce The most prominent change in the workforce affecting human resources is the rise of a multi generational workforce. Providing different human resource needs to various employees is an emerging challenge for Judie. Being aware of different workplace standards between these generationsRead MoreThe Human Resource Director Of St. Anthony Foundation883 Words   |  4 Pagesskilled medical professionals. 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The differences between generations are known to occur due to major influences in the environmentRead MoreA Multi Generational Workforce From A Human Resource Professional Perspective1801 Words   |  8 Pages The importance of a multi-generational workforce from a human resource professional perspective is that HR professionals must get to be change operators in making a work environment that can get, keep and develop ability from every one of the four eras. Those that succeed in enlisting, holding, and building up an elite, multigenerational workforce will beat the opposition and will have the capacity to deal with their kin hazard by building programs that address operational difficulties. PartRead MoreDifferences Between The Workforce And The Workplace2790 Words   |  12 PagesEisner (2005) claims that â€Å"nearly 60% of HR professionals in large companies report conflict between [multigenerational employees]† (p.4). 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