¶ … feature of the contemporary workplace is the convergence of, and collision among, traditional and new talents from four different time zones: the Greatest Generation of World War II in the 40s and the 50s; the Baby Boomers born between 1946 and 1964; Generation X individuals born between 1964 and 1976; and Generation Y individuals born between 1976 and 1995. With different orientations and meeting in common grounds, the problem is how to set them together to produce their generational best without sacrificing corporate objectives and hurting anyone's rights or point-of-view. In other words, how to manage the generations' wide differences in the workplace without tilting the balance towards any particular side or sector.
Let us take a good look at these generations in the labor market. The Greatest Generation on top of the ladder consists of those born before 1946 are the brave souls of World War II who very capably established the robust American economy in the 40s and the 50s in a corporate culture of opportunity, healthy competition and leadership. (Martin 2000). Coming next and closely are the so-called Baby Boomers who are puzzled as to what has been happening in their once comfortably predictable workplace. They are those who openly resist and are outspoken against the unsettling effects of globalization, technology, downsizing and reengineering (Martin), but most of whom are nonetheless able to adjust to the changes through flexibility, technological know-how and business sense or entrepreneurial skills. Generation X follows and is composed of those born between 1964 and 1976, an era characterized by dreary job market, a soaring national debt, the Gulf war and scanty opportunities that combine to shape their world view (Sujansky 2001).They were the focus of issues in the early and mid-90s and are a relatively small group with only 45 million members (Wallace 2001), but who nevertheless brought about significant changes during their time. And the last and most recent entrant is Generation Y, a conglomeration of those born between 1976 and 1995, and, in combination with Generation X, consists of "free agents" who are a shock and an object of disappointment to the more senior members of the workforce.
Each of these four generations is in the race and racing through the same fast-paced business environment, but each is conducting the race in its own way and perspective. The conflict that emanates is not about respecting one another's values or about mutual tolerance. Respect for values and maximum tolerance of the others can work only to a point. (Martin) All the generations are in a common race and confronting the same realities of a fast-paced, high-technology, global, very competitive and unpredictable economy (Martin) Being in the same boat and posed before the exact realities in common, how these distinct generations that collide, bruise and even disadvantage one another can be made to translate this damaging condition from a weakness to strength is the challenge.
Let us have a clearer and scientific or statistical profile of each generation in order to achieve this end. A survey of 400 professionals throughout the U.S. was conducted to establish the similarities and differences among workers of these different generations. (Gawel 1999) The subjects were taken from different age groups and both sexes, with a margin of error at +/- 4%. Survey shows that representatives of Baby Boomers, Generations X and Y share similar work values worth looking into. Media often attribute exceptional energy and initiative to Generation Yers, but statistics show that 68% of Generation Yers are "happier to be team players than as individual contributors." (Gawel). This was shared by 69% of Generation Xers and 67% of Baby Boomers. They view the presence or occurrence of loyalty in the workplace in comparative and concurring ways, whereby 84% of them rated co-workers as loyal and 95% rated themselves as very loyal. Baby Boomers, on the other hand, view themselves as workaholics at 30%, which only 19% of the Gen Yers and only 13% of the Gen Xers claim for themselves. Among these self-proclaimed workaholics, 90% said it is their natural drive that leads them to push towards success, with a diminutive 10% doing so for a higher salary. (Gawel). Gen Xers point to their paychecks as the strongest motivation to work long hours twice as much as the other generations. This owes to their having been subjected to very troubled economic times of their adolescence and youth, such as rabid corporate downsizing, the stock market crash of 1987 and the 1990 and 1991 recessions....
The multigenerational workforce in the United States presents a critical challenge for managers because each generation requires different expectations. Over the last few decades, the U.S. workforce has become so unique and diverse involving the mix of generation, gender, and ethnicity for the first time in the history of United States, workplace demographic spans four generations. The 2008 and 2009 U.S. economic crisis makes many older workers delaying retirement leading
Women in the Workforce Training Plan: Breaking the Glass Ceiling at Intuit Intuit revolutionized the accounting industry with innovative applications that assist with financial analysis and tax preparation. Since 1983 Intuit has been a proud leader providing our most famous products: Quicken and TurboTax to a wide variety of customers from individuals to small businesses and corporations. We have prided ourselves on providing an excellent workplace that sparks creativity and builds long-term
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