12.6.21
Addressing the Challenges of a Multigenerational Workforce
The generational make-up of the workforce is shifting. As Baby Boomers continue to retire (and Gen Xers start to), Millennials are saturating the workforce. In fact, by 2025, Millennials are projected to account for 75% of it. What impact will that have on your HR practice? Employee priorities and expectations are changing, and HR has to overcome the challenges of a multigenerational workforce in order to lead effectively.
The solution isn’t as simple as catering to the majority; indeed, that can cause more problems. When we start making assumptions about what people want based on the demographic makeup, we move into dangerous territory. And that’s especially true when it comes to generational differences.