Before your meeting starts, two forty-something managers discuss the latest episode of Men of a Certain Age, which the slightly older woman across the table missed from watching Glee with her teenage twins. The mid-level associate and her girlfriends are hooked on America’s Next Top Model, though last night they skipped it because of working late. The jeans and sneakers designer watches TV only on his computer. But with several freelance clients, a few original apps in development, and the search for venture capital for an idea he’s considering with a college friend, he doesn’t have much time for nighttime TV. Excited with the newness of the workplace, the only bright-eyed person eagerly awaiting your presentation is the intern: she’s so down with it.
Many managers consider this melting pot of generations a challenge. Smart business people see opportunity and, not so surprisingly, increased productivity.
From a total U.S. population of 307 million, about a half (154 million) is employed. At the younger (and more optimistic) end we find Millennials, or Gen Y, between 15 and 32 years of age, just arriving on the scene. Gen Xers, aged 33 to 45, are moving up. Boomers, aged 46 to 64, move beyond and are less optimistic. At the bookends we have Gen We, aged 0 to 14, and Matures, 65+. Here is a breakdown:
• Matures constitute 5% of the workforce (or 7MM). Their total population number is 40MM, which means 33MM of matures do not work.
• Boomers constitute 38% of the workforce (or 59MM). Total population number is 75MM. 16MM of boomers do not work.
• Gen Xers constitute 32% of the workforce (or 50MM). Total population number is 54MM. Only 4MM Gen Xers do not work.
• Millennials constitute 25% of the workforce (or 38.5MM). Total population number is 77MM, which means half of them do not work.
• And the population of Gen We’s totals 62MM.
In other words, a few more Matures work past retirement age than just U.S. Senators and Supreme Court judges. Boomers are, for the most part, not riding into the early retirement sunset of financial planning ads, but staying put and getting in the way of Gen Xers. Gen Xers have no choice but to go to work every day to pay growing bills. Gen Xers, and increasingly more Boomers, also provide for the half of the Millennials not holding a job yet, and for Gen We’s, which would be illegal to put to work, although some might be tempted. And the working half of Millennials has seen more layoffs in their short work lives than the rest of the generations combined.
Across generations, percentages of feeling awful or excellent about their jobs are low. Most are in the middle, feeling good or fair, with expectations of continuing to feel the same way in the next 12 months. Still, 50% of employees have considered leaving their job, and 21% have applied for another one in the past six months. It’s a restless crowd.
While half of Millennials don’t work yet, a majority of those who do (79%) are entrepreneurs at heart, either self-employed (27%), starting a new business because of being unemployed (21%), or moonlighting after regular work hours. This generation doesn’t lust after a private office. Cubes are fine but, basically, they can (and do) work anywhere. In meetings, if you see them slumped in their chairs, texting, or paying more attention to their laptops than the presenter, it’s because 71% think that meetings are a waste of time. Interestingly, 51% of Boomers agree.
Millennials see everyone as equal partners, people to collaborate with. Managers should pay attention when someone calls them “dude,” then shares ideas or asks for opinions, because Millennials seek proof that their contributions matter. They’d like a seat at the table, check-ins, and acknowledgment. They appreciate a good culture, are casual but not lazy, prefer a flexible structure, and put satisfaction over salary.
They also can’t (don’t seem to be wired to) hold onto a job. Six in ten have already switched careers at least once, with the same number feeling certain they won’t remain at the current employer forever. In comparison, 62% of Gen Xers think it’s very likely they’ll never leave, and 82% of Boomers expect to remain. With this much clogging of the way up, is it any wonder, then, that Millennials prefer to start their own gig?
Gen Xers, caught in the middle, are the saddest of the bunch. With mortgages to pay, Gen We’s to raise, and young Millennials in college, it seems that every Gen Xer works because he (and she) has to—this is necessity-induced equality at its finest. With so many obligations, flexibility is not a choice, but a need. Work must pay off personally and monetarily, though a great majority, if they could, would start over.
Gen Xers work hard, work to live, and don’t expect rewards. They are results-oriented and self-directed, creatively identify workarounds and, eventually, decide that enough is enough and pull a Slater—remember the flight attendant who escaped the JetBlue airliner down a slide onto the airport tarmac after a profanity-laced tirade? He’s now a hero of sorts, though the count of those seriously considering imitating him has yet to be computed.
In Boomer-speak, Retirement is passé, ReHirement the new black. Raised and groomed on the carrot and stick pathway to rewards, they’ve come to believe that a career path should be as flexible as they want it to be: less Walmart greeter jobs; more legacy opportunities, more chances to make a difference with experience, knowledge and meaningful mentoring. With downsized expectations regarding income, and part time aspirations regarding job commitment, this is the generation that may actually experience work/life balance. Except, that is, for those who will reach the far side of 60 before their children get to college.
Boomers fear loss of a job as much as they dread loss of health. They run, bike or climb mountains to maintain youthful vitality, but still two thirds believe that laptops and meeting efficiency don’t go together, and that cells contribute to a decline of etiquette. Yet they are more likely to friend you on Facebook than any other generation. At work, a private office is preferable to the Gen Xers cube, or the Millennials break room, Starbucks, or kitchen table.
So, put them in a blender, shake them all around, and what do we get: A potent concoction of people of all ages stretching the limits of flexibility. Millennials expect it, Gen Xers need it, and Boomers demand it. Casual is the new suit. Results the only measure of success. Mobility and flexibility equal productivity. And technology is the great connector. We shall call this Generation Flex.
Going back to your meeting, as you present, you notice that the twenty-something new hire barely looks up from his computer. He might be writing to the production department or forwarding his twitsume. The next woman replies to all texts, which might be from the client or the baby sitter. Only the mature guy takes notes on a notepad, but he could be drafting his will, planning a trip to Kenya, or writing himself a reminder to pick up his ten-year-old on the way home.
No matter how distracted they appear, you know that the work will get done, and faster than ever. And that more desire, thought and enthusiasm will go into growing your business, creating good systems, improving technology and collaborating for maximum efficiency than at any other time in history.
In multi-generational-speak: it’s sick, awesome, great. Dude.
All data gleaned from “Generations At Work,” a webinar by Iconoculture, May 24, 2011.
