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OK, Workforce: Millennials vs. Boomers

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As an HR skilled, you realize it’s unlawful to discriminate towards an individual on account of his or her age or different protected statuses, like race, gender, faith, and so forth., however because the workforce continues to comprise a number of generations, it could really feel like there’s a battle brewing between the younger and outdated.

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OK, a battle could also be a robust phrase, however we’re all aware of the night-and-day variations between the Millennial era and the Child Boomer era. Nevertheless, with regards to work, we’ve already decided that these generations aren’t all that totally different.

New survey findings from Olivet Nazarene College (ONU) reveal that every era’s perceptions could also be “removed from actuality.” ONU’s survey finds that with regards to firm loyalty, 91% of Millennials say Boomers are loyal to their employers, and solely 60% of Boomers say the identical about Millennials. The truth is sort of totally different.

In truth, ONU finds that each generations are keen to go for greener pastures. Based on 2,030 respondents, 84% of Millennials and 75% of Boomers say they would depart their present firm for more cash. They usually plan to depart before you would possibly suppose. One-third of Millennials and 39% of Boomers say they plan to depart their present job throughout the subsequent 6 months.

What’s Inflicting the Exodus?

Based on Millennials and Boomers, these generations plan to depart their employers throughout the subsequent 6 months for the next causes:

  • To make more cash
  • To advance their profession
  • To flee a poisonous work atmosphere
  • To search out passion-driven work

It ought to come as no shock that extra Millennials plan to depart to higher their long-term profession paths, as Boomers are beginning to retire and a few who’re nonetheless within the workforce are simply there to assist complement their retirement incomes.

Nevertheless, 53% of Millennials say they are proud of their present pay, and 71% of Boomers agree. Whereas these staff could also be happy with their salaries, they aren’t being promoted for his or her exhausting work. Based on 61% of Millennials, these staff have not acquired a pay increase within the final 12 months, whereas 51% of Boomers say they’ve acquired a increase within the final 12 months.

One factor each generations can agree on: They’re a bit of shy to ask for a increase! Fifty-eight p.c of Millennials and 59% of Boomers say they had been hesitant to ask for a increase. What’s unclear on this survey is whether or not those that requested truly acquired a increase, however given the findings talked about above, perhaps Boomers have been extra profitable.

Royal Rumble

In the case of advancing within the office, 30% of Millennial respondents say they really feel they’re being held again by an older colleague, and shockingly, one-quarter have give up their job due to an older boss, supervisor, or colleague, finds ONU.

Nevertheless, ONU additionally highlights the truth that it could be Millennials who’re essentially the most liable for pushing colleagues out of the office. Based on 36% of Boomer respondents, this era has give up their job due to a Millennial boss, supervisor, or colleague, and greater than half (52%) have skilled age discrimination within the office.

Maybe the rationale each Millennials and Boomers have give up over their colleagues is as a result of traits they discover essentially the most annoying about each other, ONU speculates.

For Child Boomers, essentially the most annoying Millennial traits embody:

  • Smartphone use (48%)
  • Sense of entitlement (41%)
  • Laziness (35%)

For Millennials, essentially the most annoying Boomer traits embody:

  • Older coworkers’ “know all of it” personalities (52%)
  • Sense of entitlement (47%)
  • Egos (34%)

It’s humorous that each generations can agree {that a} sense of entitlement is annoying, but neither era can see the irony.

Nevertheless, even when these generations each really feel entitled, they definitively know when to present credit score the place credit score is due. ONU finds that with regards to admiration, Millennials discover their Boomer colleagues to be reliable (42%) and punctual (41%) and consider they’ve a eager eye for element (26%). For Boomers, they discover their youthful colleagues to be optimistic (34%), problem-solvers (32%), and accountable (24%).

One thing Each Generations Can Agree on

Whereas each generations might have their variations, there are some issues they will agree on: the perks their firms are providing. ONU requested respondents, “Do workplace perks like pleased hour or limitless paid break day make you wish to work for a corporation?” Seventy-one p.c of Millennials vs. 62% of Boomers agree that these perks undoubtedly help in deciding what firm to work for.

On the finish of the day, your workforce shouldn’t appear like a WWE area; as an alternative, you ought to be working to unite all generations of staff, and one place you can begin is in your advantages choices.

Methodology

From February 28 via March 13, 2020, ONU surveyed 1,005 Millennials between the ages of 24 and 39 and 1,025 Child Boomers between the ages of 56 and 74. All respondents reported working full time in a wide range of industries.

The typical age for Millennial respondents was 31, and the typical age for Child Boomers was 57. For Millennial respondents, 50% had been male and 50% had been feminine. For Child Boomer respondents, 51% had been feminine and 49% had been male.

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