Trust Talk Magazine Spring/Summer 2020 (Austin) | Page 12

Generation Baby Millennials Boomers X Z Business Focus WORK AMBITIOUS GLOBAL CYNICAL CENTRIC | | ENTREPRENEURIAL SELF | SELF-CONFIDENT RELIANT | INDEPENDENT | ENTREPRENEURIAL | | PROGRESSIVE OPEN-MINDED | GOAL ORIENTED 40% Tech-savvy Gen Zers who want to intereact with their boss daily or several times each day Welcomed Benefits 84% BO RN BE A T F W E R EN BO RN TE 1946 1964 1965 1976 1977 1997 & 1997 Gen Zers who expect their employer to provide formal training Myth Gen Z only communicates online. Reality With their introduction to the workforce, Generation Z is bound to bring change. As with the generations before them, they are going to bring their own ideas, values and needs to the workplace. Although it’s too soon to tell what these are, Generation Z has expressed that they’re looking for employers emphasizing work-life balance, much like Generation X and Millennials. Along with work-life balance comes communication and human interaction. A survey reports that 90% of Generation Z respondents expressed that they want more human interaction woven into their work.** And when it comes to the success at work, failure is seen as an opportunity for growth and innovation. In Conclusion When thinking about different generations, avoid the trap of assuming that these traits lack generational overlap. While each generation has defining features, there are concepts that each can relate to and appreciate. What unifies all generations is the desire to work in a positive culture where they are appreciated, and their employer is looking out for their best interests. Flexible Schedules Paid Volunteering Opportunities Here are a few tips on motivating a multigenerational workforce: • Understand individual work styles and how your employees like to be recognized for their accomplishments. • Ask them so you don’t make assumptions or have a one-size-fits-all approach. • Promote a positive work-life balance for your employees. Gather and listen to feedback from employees on how to improve. • Empower your employees by supporting and implementing new ideas your employees have. Challenge and encourage your employees to do their best. Having a diverse set of workers with varying experience opens the door to foster collaborative relationships and a strong company culture. Strong employee bonds make for a strong business, and happiness in the workplace can lead to growth for your company. Take the time to get to know your employees and have your employees get to know each other. And when in doubt, remember to communicate. It can make all the difference. * https://agewave.com/what-we-do/landmark-research-and-consulting/research-studies/giving-in-retirement-americas-longevity-bonus/ ** https://www.prnewswire.com/news-releases/failure-drives-innovation-according-to-ey-survey-on-gen-z-300714436.html 10 SPRING / SUMMER 2020