Generations in the Global Workforce by 2020
Bridging the Gap between Baby Boomers & Generation Y
The year 2020 is closer than we think, and with it comes major generational shifts in the workplace. For the first time, five generations will be working together side-by-side. The workforce will be comprised of Traditionalists, Baby Boomers, Generation X, Generation Y, and Generation Z. Each generation has its own unique perspective and way of working, which can be both advantageous and disadvantageous for a business.
By 2020, the global workforce will be comprised largely of two generations: the Baby Boomers and Generation Y, with 6% and 35% respectively. The remaining percentage will be comprised of different generations.
Therefore, the main focus is on Baby Boomers and Generation Y, which are the two generations that have the biggest differences in the modern workplace. It is important to understand how Gen Y works in comparison to the older generation in order to facilitate a harmonious workplace culture. The two generations have many misconceptions of each other that can create conflicts and tension in the workplace. Generation Y see Baby Boomers as workaholics who only live to work, while Baby Boomers see Generation Y as lazy and self-entitled, with a ‘work-to-live’ attitude.
At Market Inspector, we have designed an infographic to illustrate this workplace issue, and to provide tips on how to bridge the gap between Baby Boomers and Generation Y in the 2020 workplace.
If you would like to use this infographic, use the embed code below:
There is a wide range of benefits that both generations can bring to the workplace, and bringing their joint knowledge and skills together can make for a successful business. According to an in-depth report by Hudson, Baby Boomers have stronger traditional skills, such as leadership skills and interpersonal skills, than Generation Y.
On the other hand, Generation Y are more efficient in thinking abstractly and conceptually. Both generations need to understand each other and find a way to coexist in the ever-changing workplace and ultimately ensure a harmonious way of working.