Managers in the Workplace Essay

1531 Words7 Pages
Introduction Today, corporations across the globe are challenged with how to effectively manage a multigenerational workplace. For the first time in history there are five generations in the workplace, Traditionalist, Baby boomers, Generation X, Generations Y, and Generation Z ages ranging from 70 plus to about 19 years old (Gen Z not confirmed yet). “The differences among these groups go well beyond birth periods. Experts maintain that each generational group has been shaped by unique historical, social, and cultural events; as a result, each has distinct preferences, work styles, and professional goals. There are indicators that workers from each generation respond to different sets of motivators and rewards and seek to develop varying experiences and benefits from their jobs.” (Lancaster 2b) Although there are presently five generations in the workplace, this paper focuses on three primary cohorts, Baby boomers, Gen X, and Gen Y, their differences, similarities, and Human Resources’ challenging management solutions. Statement of the Problem This study needs to be conducted because multigenerational differences do exist in the workplace and it is a concern that needs to be addressed, and if not managed properly could cost companies productivity, retention of human capital, talent, and competitive advantage. This paper will specifically answer why workers from each cohort respond to different sets of motivators, rewards, and expectations (Lancaster 2b). The workplace deals with the sharing of knowledge as love, passion, or more traditionally, trying to foster the powerful synergistic release of cross-generational sharing, learning, and performance for many years. It is important to recognize the complexities that each generation possesses based upon so many economic, cultural, and sociological conditions and issues. If feel there can be a reasonable
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