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Recruiting and Managing the Generations.
For the first time in American history, four generations are working side by side in the workplace: the Matures, Baby Boomers, Generation X and Generation Y. According to the Society for Human Resource Management (SHRM) Generational Differences Survey Report, human resource professionals indicated that their workforce consists of 10% Veterans (Matures), 44% Baby Boomers, 34% Generation Xers and 12% Nexters or Millennials (Generation Y). While having a generational mix adds diversity to the workforce, it also can also set the stage for potential conflict and complications.
Because each of these generations is at a different stage in their life cycle, they have very different needs, values and attitudes. Understanding generational differences can help companies make more hires and raise retention. It can also give companies a competitive advantage by ensuring a transfer of knowledge. Good working relationships between older and younger workers will help make sure that this knowledge is not lost.
This paper will first take a brief look at the three main generations that make up our population, the workforce and the future workforce. Secondly, it will discuss their individual differences and the unique ways companies can engage and recruit them. Finally, this paper will suggest ways in which companies can motivate and manage these very different age groups in the workplace.
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