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Benefits of multigenerational working

Category: Generation (Age Friendly)

Diversity and Inclusion

When considering diversity, there is a tendency to focus on gender, race, disability, or sexual orientation. However, intergenerational diversity has surfaced as a growing phenomenon in many business environments.  Addressing generational cohorts’ different values, attitudes, and beliefs can influence organisational outcomes. 

We live in an exciting period as more generations continue to join the global, diverse workforce; as this trend continues to grow, it will become a necessity for leaders to understand the effects of generational differences and how to manage a multigenerational workforce that can add value to the long-term success of an organisation.

 

What is a multigenerational workforce? 

A multigenerational workforce refers to the composition of different generations of employees. A generation is typically defined by age boundaries, with those born during a particular era sharing similar experiences, values, and attitudes that shape their behaviours and preferences within the workplace.

 

Value drivers for different generations 

 

Baby boomers (1946-1965

Gen X (1965- 1980) 

Millennials (GenY) (1981-1996)

Gen Z 

(1997- 2020)

Job loyalty 

High work ethic

Competitive and focussed

Willing to make personal sacrifices for professional causes



Efficient

Direct Communication style 

Independent 

Adapt to new technologies 

Competitive

Achievement orientated

Tech-savvy

Focused on Work-life balance


Open to seeking new work experiences

Diverse

Open-minded

Tech-savvy

Individualist and creative

Self- directed 

 

Mature workers can act as a positive influence on junior employees through training or mentoring-related roles. Research shows that 70% of workers enjoyed working with generations other than their own. They understand the mutual benefits of a multigenerational workforce. Within this research, junior employees perceived mature employees as wiser by teaching them to consider perspectives different to their own and how to maintain engagement at work. Working with different generations allows employees to understand better the demands of each generation and how to help champion one another’s ideas.

Junior employees are primarily perceived as progressive and open-minded individuals creating a different ‘way of thinking that celebrates and values equality and inclusion.  These employees can also help lay the foundations for innovations reflecting the organisation's future growth. 

 

The collective success of a multigenerational workforce 

One of the essential benefits of multigenerational workforces is the ability to transmit and share knowledge.   With different generations come different ideologies, experiences, attitudes, and values. As generations connect and work together, assimilating knowledge becomes an invaluable asset to organisational success.

Leveraging the strengths that each generation can create cultivates a collaborative and engaging environment that prepares organisations for future business challenges.

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VERCIDA works with over one hundred clients who are committed to creating an inclusive work environment. If you are an employer and interested in working with VERCIDA to promote your diversity and inclusion initiatives and attract the best candidates, please email [email protected] for more information.

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