This decade has seen the biggest generational change in the business sector because of the members of Generation Y who are born between 1981 and 2000. With just a few years of experience in the business market, these youngsters have already stirred things up in the workplace and are earning a reputation for themselves.
This Generation Y is the most educated and diverse generation in the history, and the first to have more women than men to obtain higher educational qualifications. They are also the tech-savvy users of computers, mobile phones, tablets, the Internet, social media tools and various other technologies.
It is predicted that by 2028, the last of the boomers will have left the field, while the Generation Y will take up most of the leadership positions in the corporate world in large numbers. They will comprise of young managers, directors, presidents and CEOs who will be making extensive changes to the way their organizations and their people work. Here is a discussion on how generational change affects the growth of a business:
More women in the business
A rise in the number of women university graduates is one of the reasons for more women to be seen in the business world today. In addition to that most youngsters, both men and women have seen both of their parents working. This has created positive role models for them and prepared them to enter the workforce as they grow up.
Blend well with “work-life-balance”
The boomers unfortunately could not blend well with the “work-life-balance” and that is why many preferred to cut off completely from work when they are not in the office. But that is not the case with the Generation Y. With the advancement of technology, these new age workers are used to working anywhere and everywhere using their electronic gadgets – laptops, smartphones, tablets, etc. Thus, they never really have to worry about work while they spend time with their families or vice-versa. They might leave the office in the early afternoon to pick their children up from school and work on their laptops after they reach home. With cloud computing and telecommunication, they can access files that are on their office desktops and work on them from home. This is the biggest generational change in the workplace.
Adieu to e-mail and meetings
A recent study shows that, like voicemail and snail mail, the use of e-mails is also declining on a high scale. That is why interactions over the social networks and communication through text and instant messages are the normal methods of communication. Besides, instant messaging has already started to replace email, phone calls and meetings with business personnel from around the world. It has proved to be an ideal tool to increase productivity, reduce interruption and all of this actually means faster conversations. This is the second biggest generational change in the workplace
Results-Only Work Environment
The 9-5 desk job trend is slowly fading away as it is being taken over by the new “results-only work environment”. Here employees are evaluated based on their performances, not presence.
What do you think of the generational change (my friends at Deloitte call it “Generationsskifte“) in the workplace? Are you a part of it? Please share your experience and opinion in the comment box below.