Are you prepared for the new wave of technology-reliant workers that are about to flood your business?
A changing of the guard is happening in companies all over the world, as Millennials move in and baby boomers move out. You need to manage this transition period, as Gen X’s move into more senior positions and Millennials move into entry level positions.
Throughout history, in societies, every new generation has come with new attitudes and expectations that differ from those of previous generations. That’s why every new generation prompts a “generation gap” of sorts. Everything is changing that the least experienced youngsters, bring to the table a unique wisdom that comes from being in sync with the immediate and intermediate future. That’s why generational differences evident in today’s youth can serve as a powerful lens through which to understand the trajectory of today’s changing world, according to Bruce Tulgan, Rainmaker Thinking, specialising in management training and generational diversity in the workforce.
DID YOU KNOW?
Some countries that have slow birth rates have lower percentages of millennials. In those countries they will become even more valuable. CEO’s report that attracting and keeping younger workers is one of the biggest talent challenges, according to PwC.
Your Gen X senior staff and Millennial junior staff have more experience than baby boomers had with technology and incorporating technology into strategies. You’ll need to create an environment to let them to thrive, but also to digitally transform your business and enhance efficiency and profitability.
Create a culture for Millennials
Attracting the best of this generation can be critical to the future of your business. Their career aspirations, attitudes about work, and knowledge of new technologies will define the culture of the 21st
Century workplace, according to PwC. This generation has grown up with broadband, smartphones, laptops and social media, this will be the first generation to enter the workplace with a better grasp of key business tools than ever before.
Case Study: Businesses like Apple and Google are naturally attracting Millennials because of their culture of innovation, management style and approach to recruitment and retention. This is why they can choose from the most talented members of this generation.
You need to change-up the culture Gen X is used to
Even though there are less of them than Millennials, this generation are in your senior positions now, and they’re going to have a large sphere of influence. You’ll need to account for them as well. You need to keep in mind that when Gen X’s employees joined they were outnumbered by Baby Boomers, which meant they had to assimilate into the Boomer culture.
Even though they’ve had more experience and exposure to technology, you might have to change their culture and way of thinking to ensure they efficiently digitally transform your business.
“As a leader in a technology organisation still facing massive technological changes and advancements, I looked at my current staff, most of my direct-reports were within 5-10 years of retirement, with two of them ready to retire within the year,” says Kim Arellano, Executive Consultant for Leadership Development with focus on Next-Generational Leadership and Workforce.
“I was faced with the need to manage Boomers moving out of the business while recruiting Millennials into the business, which required a deepening understanding of generational differences. Gen X is half the size of both the Boomers and Millennials, yet in the positions to manage both.”
You can no longer look at the different generations and treat them differently, they all need to be on the same page helping to digitally transform your business. Even though Millennials are young, they could have valuable insight for your business, as will Gen X and Boomers, and you shouldn’t disregard their technology ideas based on their age. Although each generation works with technology differently, having all three work together could provide you the competitive advantage you’ve been waiting for.