In everyday life, employers make choices about who they hire and assumptions based on a variety of experiences and knowledge acquired over time. One of those key assumptions is often around the issue of dealing with employees in the age categories known as Generation Y, Generation X and Baby Boomers.
In most literature, Gen Y’s are classified as those aged between 18 and 30 and Baby Boomers as 45 – 65. In all categories the research is generalised and does not take into account individual personalities, up-bringing or environment. Researchers develop their surveys, do the research and analyse to find a common thread to identify trends. The trends are used to develop marketing material and a multitude of products for these cohorts and often hit the mark and can be labelled as truth for the many if not the all.
Information like this is common knowledge and the source of many a training session across the country leading to what can be described as employer age bias. So lets look at some of the Gen Y versus Baby Boomer issues as described through generational myth.
Many employers have no interest in mentoring younger employees because of the stigma attached with the Generation Y ‘attitude problem’. Conversely, many employers assume that Baby Boomers are too expensive; overqualified; not technologically astute as younger workers; and more likely to use health benefits and, eventually, retirement benefits. Put Gen Y and Baby Boomers together however and the negatives can cancel themselves out, bringing the desirable skills of both generations to the fore.
It is a common perception that Gen Y’s are selfish, lazy and hard to get along with. They have no interest in hard work and are a ‘me’ generation interested only in themselves and what they want. They are arrogant, selfish, overindulgent, high-maintenance, impatient, over-confident and spoilt. And while elements of this statement may be true; Gen Y are also a smart breed and if you get them onside, a loyal breed.
The truth is that Gen Y’s are both high-performance and high-maintenance; with high expectations of both themselves and of their employers. The Gen Y employee will work hard and fast if they feel they are getting the respect and recognition they deserve.
Baby Boomers have the skills the Gen Y lack. They are experienced, worldly, sociable, skilled, and content, and they are happy to work in a position for a long time making them a valuable, and less risky asset to a company. However statistics show that over 50’s still have a much harder time finding employment.
But Boomers are also, generally speaking, more dedicated to their work and can bring experiences and perspectives that younger workers can’t offer. And the fact that Boomers are health conscious means they are generally healthier and take better care of themselves.
According to the AARP, 80% of Baby Boomers plan to work past retirement; meaning business owners can feel secure in hiring long term workers. This contrasts with the ambitious Y Generation who are not likely to stay in one job for prolonged periods.
But this aside, Gen Y will bring a fresh and funky outlook on things. If your business services younger clientèle, then having a member of this ever so fussy generation on board is crucial to ensuring you know how to please your client.
And Gen Y’s don’t want to work long and hard; they want to work smart so you can be sure they will work quickly.
Generation Y want to be in charge, they want to be successful and take it to the top as soon as they can because they are obsessed with career development. This means Gen Y will work to impress you if you give them the chance. Baby Boomers will work steady and sure, always pleasing their boss but without the drive to move forward and up the ranks.
Baby Boomers can impart their years of experience. Perhaps this is the biggest reason for an employer to hire an older worker. Nothing beats a life of experience – but the younger generations should not be overlooked either.
Gen Y can also be useful as mentors themselves! They know technology; they know about social media and believe it or not, because of Facebook and Twitter are up to date with what’s going on in the world. Gen Y can teach older co-workers about new technologies and the supremacy of on-line communities.
Don’t be afraid to hire younger employees. Yes, Gen Y can be a little self-obsessed and egotistical but remember, born from Gen Y will be our countries newest leaders, billionaires and entrepreneurs!
A mixture of the two is the ideal combination in the workforce. Generation Y and Baby Boomers together, when properly managed, create a win-win situation for all.