DOMINATED IN THE WORKPLACE

 

 

DOMINATED IN THE WORKPLACE

 

 

Even though you may be sick and tired of hearing about the “Gen Y” issue, you have no option but to take it seriously in the workplace.  The fact of the matter is, Generation Y is the largest bloc to enter the workforce since the boomers and they, just like every generation before and every generation to come, have different values, attitudes, beliefs and behaviors.  The difference is that for this generation the attitudes, values, behaviors and beliefs are quite different than those traditionally held in the workplace environment; thus, workplaces across the globe and across industry are feeling the consequences. So, what do we know about this generation?

• 80 million boomers will retire over the next 20 years
• There are only 43 million Gen Xers
• The 72 million Gen Ys will therefore dominate the workforce for 40 years.

We also know that they have demands for increased flexibility, improved work/life integration, expectations for advancement  based on performance over seniority and desire for portfolio careers that allow for innovation, creativity, opportunity and experience. This is a reflection of the shifting business mindset and it’s time to rethink how to effectively engage and reengage people, how to manage people, how to develop people and how to create a workplace culture that help people thrive.