Joined: Mar 2009
Posts: 77
Four Generations in the Workforce
4/1/2009 at 9:48 PM
I found this to be quite interesting.
Research suggests every generation carries its own distinctive attitudes, behaviors, expectations, habits and motivations, all of which contribute to how and why they work.
Most studies of the generational differences between members of the workforce point to four groups currently employed.
The Traditionalists or Veterans are those born before 1945 that value hard work, respect authority and adhere to the rules. Work is a duty to Traditionalists and the longer they do it, the more respect they demand. Their children make up the largest generational segment of the workforce.
The Baby Boomers. Born between 1946 and 1964, the post-World War II era introduced a tidal wave of changes to the world and workplace. They questioned authority and viewed work as an adventure, not an obligation. Baby Boomers are sometimes labeled as workaholics and team players.
Generation X, born between 1965 and 1980, and marked by self-reliance and an entrepreneurial drive. They value freedom and, in general, Xers are skeptical and direct. They grew up with both parents forfeiting family time by working long hours, which led to their demand for a healthy balance between work and life.
Millennial Generation or Generation Y. Born between 1981 and 2000, this group recently began entering the workforce. They are technologically savvy and use those tools to communicate socially and at work. They multi-task and are educated in many areas, though they may lack expertise. They are vocal, participative and find reward in meaningful, creative work.
And here is how each group dealing with money:
Veterans, Silent, Traditionalists--Put it away, Pay cash
Baby Boomers--Buy now, pay later.
Generation X, Xers--Cautious, Conservative, Save, save, save
Generation Y, Millennial, Echo Boomers, Gamers--Earn to spend.
So do you fit any of the categories?