Google searches on “Millennial” and “Generation Y” yield more than 150 million results, while a search on Generation X returns 149 million more.Most offer descriptions and many provide tips on how to manage or market to the various generations.In the near future, most or all organizations will do the same for employees as well, obviating the need for the broad, educated guesses based on generations or life-stages.
Like economists, no two generational experts fully agree on the description for each generation, a truth that is well-documented both in the expert interviews conducted for and summarized in this paper, and in the dozens of papers, books and articles referenced throughout.
In 2015 Millennials became the largest generation in the workforce, and by 2020—in just five years —Millennials will comprise about half the workforce.3 The question for executives, supervisors, business owners, and for others concerned with managing and motivating the workforce—or selling more products and services—is, does it matter?
Are there sufficiently consistent and significant enough differences between the generations that organizations can justify time and money spent studying their workforce demographics and understanding the general Beyond gaining an understanding of the demographics of the workforce, should organizations manage and motivate workers and market to customers from the three generations differently to the extent of tailoring programs, products, services, rewards, incentives and work conditions in an attempt to better engage employees or consumers from the three different generations?
Finally, a spot survey of meeting planners was conducted; the results of which are available in Appendix C As of the latest data from the US Bureau of Labor Statistics (BLS), the United States civilian workforce—age 16 and above—is about 157 million people strong and growing (Figure One).
Within the workforce, four distinct generations currently work side-by-side, with a fifth generation set to enter in 2016.
Anyone can join regardless of their physical attractiveness.