How do you get the right mix of executive management, adaptability, tech savviness and cost effective employees in your company? First by understanding the respective strengths of the past three generations that have impacted the work force. Fostering a diverse and inclusive workplace has become a priority for many organizations in the business world today. Baby Boomers, generally defined as being born between the years of 1946 to 1964, bring a tremendous amount of executive presence, are productive, hardworking, team players and make great mentors. These skills and traits makes them the most cost effective generational workforce.
Meanwhile, Gen X (1964 -1980) excels at generating revenue for companies, mostly due to their strong problem solving skills, adaptability to changes and challenges. Combine this with their strong collaboration and relationship building traits, a company will have an ideal workforce when executive leadership is not a requisite.
The Millennials (1980 – 1995) provide the most tech savvy, enthusiastic and entrepreneurism skills and traits, which makes this generation uniquely qualified for the demands of startup organizations. However, this generational work force does not come cheaply, which makes them the least cost effective employees for a company, Diversity drives innovation and by maintaining a workforce of employees with varied perspectives, backgrounds and cultures, innovative ideas, products and processes come to life. Which begs the question, “What do you look for in a company?”