In an earlier post, we talked about the need for companies to use modern communication methods – such as blogs, RSS feeds and text messages – along with traditional methods – such as e-mails, posters, and newsletters – to effectively reach different generations in the workplace. Based on a new study by Randstad, communication styles are just one of the many generational differences affecting companies today.

The study claims the four different generations in the workforce: Matures, Baby Boomers, Gen X, Gen Y – have very little interaction with one another. Gen Ys, in particular, are not interacting with older generations. 

This lack of interaction feeds dysfunctionality:

• A new generation has entered the workforce. Those Gen Yers are associating most readily with those of the same age. They don’t associate with older generations.
• As Gen Yers gain experience and mature, they look to take on more responsibility.
• Although some in the older generations willingly share the knowledge necessary to help the younger generations, others view their growth as a threat.
• Information is withheld to protect individual positions of power and organizational performance suffers.

Unlike money, you can take knowledge when you go. Matures and Baby Boomers are retiring and taking knowledge out the door. If the Gen Yers had been interacting up the generational ladder (and vice versa), much of the critical knowledge would have been passed.

The coming retirement wave and near-term economically-driven reductions in workforces are combining to create a clear burning platform for businesses to act upon. To help plug the brain drain:

• Company leaders must understand there are real differences in how the different generations view leadership, respect authority, view work, relate to each other, and put simply, come to work.
• Lead by doing. Anybody who has supervisory duties has a responsibility to inspire top performance from their team, and to do so means understanding that team members will have very different drivers and definitions of success. With that understanding, strategies can be built to best inspire each generation. As an example, give Baby Boomers the recognition they desire for their contributions, while offering Gen Y employees “passion, humor and straight talk.”
• Senior managers have always needed to ensure junior managers had the right workplace sensitivities. Generational awareness must be added to that list of workplace sensitivities.

Connecting the generations will help change their perceptions, encouraging awareness and understanding about the strengths each group brings to the company. Without this awareness and understanding, employees will continue to work within their comfort zones and companies will miss opportunities to build long-term competitive advantage.

This entry was posted on Wednesday, July 2nd, 2008 at 6:57 am and is filed under Change Management, Demographics, Leadership.You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.