Having several generations under one roof can get…messy.
You have an older adult familiar with old-fashioned methods of getting workers invested. You have a younger adult with a fresh perspective that isn’t being cultivated by supervisors. Culture in the workplace is a fine art, as you likely already know, and one that can have you going insane well before you feel the sweet sting of success. Dealing with Millennials in the workplace is best done with a generations speaker that’s familiar with these small and huge barriers. From ethnic diversity to extreme age gaps, a professional can help you finally bridge these gaps.
Check out these five useful facts about financial adviser training and what they stand to offer our dynamic, diverse, modern workplace.
Today’s Workplace Is More Multifaceted Than Ever
Think you know everything there is to know about the modern workplace? Let’s take a step back and look at some statistics. Dealing with Millennials in the workplace means understanding what you’re up against and where we’ll all be going from here. According to recent data Millennials make up nearly 40% of the American workforce — the Millennial generation was born between 1981 and 1996 — and, for the first time in history, five generations are working side-by-side. Diversity is another term that needs to be respected if it’s to be cultivated.
Diversity Is More Diverse Than You Think
Is your workforce too monolithic? You could be missing out on some good things. Diversity includes gender, sexuality, race, ethnicity, religion, and even age. In fact, age remains one of the least talked about elements of crafting a viable working environment. According to PwC’s 18th Annual Global CEO Survey, over 85% of CEOs whose organizations are going out of their way to include a diversity strategy have stated business performance has gone up. It’s not hard to see why, when you appreciate and enhance unique points of view to solve daily problems.
Workers Need To Feel Appreciated And Supported
Dealing with Millennials in the workplace means listening to what they have to say. It’s been found adults between the ages of 18 and 35 actively crave feedback, with 80% of Millennials reporting they want frequent commentary compared to more traditional performance reviews. It’s not just Millennials, either, that are looking ahead. A recent international and multigenerational study across 1,700 employees found the same percentage of Millennials eager to leave a positive impact on their generation as Gen Xers and Baby Boomers.
Employee Retention Is One Of Today’s Biggest Employment Issues
Generations in the workplace that aren’t offered a nuanced and compassionate environment are more likely to up and leave for greener pastures. This leads to employee turnover, a very expensive problem that can set your business back something fierce. Employee turnover is estimated to cost the country nearly $10 billion every year! Compensation is also an important factor in whether or not someone will stick around. The types of benefits desired across all age groups — with 35% of Millennials and 40% of everyone else — remain health care packages.
Managing A Multigenerational Workplace Is Best Done With Help
How do you go about dealing with Millennials in the workplace and ensuring Baby Boomers their needs are being met? You reach out to a retention speaker that’s familiar with the unique issues faced by several age groups under the same roof. The Bureau Of Labor Statistics released a prediction that at least 25% of workers will be at least 55 years old by 2019, making this a problem that won’t be overlooked. Managing four generations in the workplace is a careful combination of understanding generational differences, embracing diversity, and maintaining a comfortable work environment.
Age diversity in the workplace is a simple reality. Meet it head-on with a recruiting speaker.