- BabyBoomers: Born between 1945 and 1964, C suite jobs, settled and retired
- Generation X: Born between 1965 and 1981. Coexist with Gen Y, Gen Z. Workaholics. Undergone technological evolution and rise of media. Less dependant on Smartphones.
- Generation Y: Born between 1982 and 1994. Also known as Millenials. Technology is part of everyday life. Transformed from Analog to Digital. Time Magazine in 2004 labeled them as ME, ME, ME generation.
Born after 1994, post Millenial, called Centennials, born with tablet and smartphones. Marked by internet, less human interaction. Multitaskers with limited attention span. Generation that lends voice to Social causes.
- Unique perspective on careers and definition of success.
- More skewed towards interesting job, viz high pay.
- Diversity matters through various dimensions.
- DEI, is not just “Nice to have” but imperative.
- Demand more personalization, more flexibility.
- HR interventions and policies will need to be evaluated
Workplace of today wants to leverage experience of Babyboomers, Gen X, Gen Y, and may have a word of advice for Gen Z.
Research covered BabyBoomers, Gen X, Millenials, Gen Z.
Among the study findings:
- 69% of Millennials said the demands of work interfere with home and personal life. This compares to 61% of Gen X and 48% of Boomers. One factor is that many boomers may now be empty-nesters which lessens their home and personal life obligations.
- Average hours worked per week was higher for people in higher management positions. However, there was minimal variation between generations in hours worked per week.
- 76% of Millennials have a mentor, compared to only 41% of Boomers. However 26% of Boomers said they do not want a mentor.
- Ranking the importance of compensation, being involved in the community, and making the world a better place was almost identical across generations.
- Overall the study found that in spite of perceptions to the contrary, the views across generations were more alike than different
BATheories.com is managed by a group of educators from Mumbai. We also manage the website StudyMumbai.com. Our panel includes experienced professionals and lecturers with a background in management. BATheories is where we talk about the various business theories and models for BA (Business Administration) students.
Leave a Reply