Baby Boomer Statistics on Birth, Retirement and Empty Nestling

The baby boomer generation plays a significant part in almost every aspect of today’s America. They made an impact to every age cluster they get to belong. Baby boomers have the diverse potentials that uplifted their group in history. Fast statistics show that the fifty plus age group of baby boomers are earning roughly two trillion dollars, in control of more than seven trillion dollars of wealth and own 77% of financial assets in United States. That is not all, baby boomers also grip 50% of the discretionary powers in both government and private organizations.

Baby boomers are interesting subjects to tackle-their power to do, their immense abilities and their emotions. And since the baby boomer generation is now ranging at the age of 42 to 60 years old, they are facing the issues of retirement. It is fascinating to discover how baby boomers envision their old age, their retirement plans and the thought of being empty nesters. Empty nesting is the period in parents’ lives when their children start moving out to live their own lives. Sadly, aging parents are left by themselves, reviving the scenarios when they were just starting out a family as well. The difference is that they have consumed the energy and youth they used to be abundant of. While the baby boomers have a range of emotions toward empty nesting, they are most likely to play the brand name for them-the independent generation.

Furthermore in the poll conducted for baby boomers, the following are some key points which were uncovered: Considering the statistics of birth of baby boomers, the name of their generation was derived from the explosion of birth right after the World War II. At the span of the baby boomer years, roughly seventy-six million Americans were delivered to the earth. Currently, the population of baby boomers occupies twenty-eight percent of the whole populace in United States. Specifically by the year 1957, an estimated 4.3 million of babies were born in America. The number has outstood any other year before it. On the issue of retirement, baby boomers view this stage on its brighter side. Accordingly, most of the baby boomers plan to pursue a career after their previous career. Being involved in sole proprietorship or any self employed business is the popular choice. Seventy-five percent envision their retirement as the chance to devote leisure time with their children and grandchildren. This will result to more domesticated adults. However, of this poll, seventy-four percent feel freer upon retirement while fifty-seven percent claimed that they will only be freer when they become empty nesters. More than half of the baby boomers are confident that they will have enough money for leisure when they already retire. This means that less than half of them are not certain if they will live a comfortable life after retirement. These statistics greatly affects the issue on the empty nesting emotions.

When questioned about parenting, 71% of the baby boomers responded positively. For these baby boomers, parenting was a challenging task that marked many wonderful experiences for them. That is why when the empty nesting stage comes, baby boomers are more emotionally prepared. This is illustrated in the positive feedback of the 58% baby boomers who are readying for the time when their kids had to leave their territory for good. In parallel, a surprising twenty-six percent feel like they would be closer to their better halves when their kids are gone. The older the baby boomers are, the more emotionally stable they become. Most of the oldies in this generation have been ready to clear the nest. While the large percentage states a neutral emotion, baby boomers are more likely appreciative of freedom that they will soon be enjoying.

Baby Boomer Population Within The Post World War II Era and before The Vietnam War

First of all, baby boomers are people who were born within the post World War II era and before the Vietnam War. These people are called baby boomers because of the increased birth rate during this period. In the United States, there are about 76 million in total baby boomer population. Even George Bush, the current President of the United States is part of the baby boomer population. Today, baby boomers are in the ages between 40 years old to 50 years old. This means that they are already aging. It is important for you to know that as a part of the baby boomer population, you should know where you stand on trends, and also your rights as a citizen of the United States of America.

Today, many baby boomers experiences age discrimination in the workplace. Some baby boomers that are qualified to do the job are not accepted by companies and some are laid off from their current job just because of their age. It is important for you to know that this is a violation of the ADEA or the Age Discrimination in Employment Act. It is also important for you to know that when you experience age discrimination in the workplace, you have somewhere to complain to, which is the EEOC or the Equal Employment Opportunity Commission.

You of all people should know about this because as a part of the baby boomer population, you came of age during the time where people were fighting for their civil rights in the United States. Chances are, you were part of those people who were fighting for civil rights, which include equal employment opportunities. This generation is the generation where rock and roll started and where hippies were popping out to protest the Vietnam War and their rights as a citizen of a democratic country. Health is also an issue with baby boomers. It was found that there was a significant increase of hospital and doctor visits by baby boomers. In fact, in 1992 there were only about 42 percent of people visiting the doctor at the age of 45. In 2002, the numbers increased to 53 percent. Most baby boomers suffer from different ailments, such as diabetes, stroke, heart attacks, arthritis, and high blood pressure.

This is because of the diet and lack of exercise that baby boomers experienced during their era. Because of this, many people are now more health conscious than the era of baby boomers. Some baby boomers even considered losing weight and getting active to prevent or at least minimize the effect of the mentioned diseases. New drugs are now also available for baby boomers for preventive care. With the technology available today, aging baby boomers are now able to seek the medical attention they need. They can also benefit from the different government and private organization offers, such as free medical check ups and free hospitalization.

So, if you are a part of the baby boomer population, you can expect to live longer and also live a happier life than the previous generation. You should thank the advancement of technology in the medical field and also the increasing awareness for health in today’s world. Baby boomer population, expect to live longer and also live a happier life than the previous generation. You should thank the advancement of technology in the medical field and also the increasing awareness for health in today’s world.

Generation X: History and Characteristics

Generation X—so named because of the generation’s refusal to be defined—witnessed some of the world’s greatest advancements, including space exploration and the development of the computer.

Generation X is a relatively smaller generation than those that surround it. Because of the size and influence of Baby Boomers and Millennials, Generation X is sometimes referred to as the forgotten middle child of the generations. While this generation is certainly outnumbered, many of this generation have shaped the world during pivotal years of great change and technological advancement.

The term Generation X has been used in a couple earlier ways, but the primary use of the term now is used to define the generation following the Baby Boomers. The X was used to give the idea that the generation resisted being defined, with reference to the variable “x” rather than some other characteristic. Generation X—or Gen X for short—was also known as the Baby Busters, the Latchkey Generation, and Post-Boomers.

According to the Pew Research Center, the birth years of Gen X are 1965–1980. This date range may vary depending on the institution, but what is agreed is that Gen X was born during a unique time in history. Their childhood was defined by many things, such as space exploration, great tension between the United States and the Soviet Union, and the development of the modern computer.

While the fall of the Berlin Wall was a historic moment in the lives of all generations who witnessed it, it was especially poignant for Gen X. Generation X was born in a time marked by deep tension between the United States and the Soviet Union.

Similar to how Millennials grew up with smart phones but remember a time without them, Gen X grew up with the very first personal computers. Though computers were invented before the Gen X generation, the technology was mainly used by large companies or governments. During their youth, Gen Xers witnessed the first use of personal home computers. Though personal computers are commonplace now, their use was revolutionary back then!

Gen X was the first generation to grow up after the civil rights movement. Many people in this generation grew up with ideas of equality and diversity and don’t remember a time before the civil rights movement. Generation X received more education than previous generations. As with the experience of Baby Boomers, Gen X grew up with a greater emphasis on STEM education, a trend that has continued for Millennials and Generation Z.

Online Shopping Intention of Generation X in Malaysia: Analytical Essay

1.0) Introduction

In this chapter, the writer is discussing an overview to the study that includes a general context of the topic, research aim, research question, and an overview of the study.

1.1) General context of a study

In this era of globalization, online shopping is one of the convenient way to shopping for young people and families to shop. Online shopping is the way toward purchasing goods and services straight from the organization offering goods via the web (Sohail, 2014). Online shopping also can also be said as internet shopping or electronic shopping.

According to (Alias, 2018) the internet penetration of Malaysia is now 85.7 percent at the 19th of march 2019. As a consequence, it is recognized that online shopping in Malaysia continues to grow year after year. However, in the global retail e-commerce index, Malaysia was one of the top 30th countries which an online market attractiveness score as 36.8 percent mentioned by (Mike Moriarty, 2013). According to (Ariff, Sylvester, Zakuan, Ismail, & Mat Ali, 2014) The demand for internet shopping is anticipated to increase from RM1.8 million in 2011 to RM 5 million by 2015.

According to (Masoud, 2013) the cause individuals go for online shopping due to comfort to shopping, has a choices, able to shopping 24 hours, saving more time, and avoid crowded walking. However, perceived risk was always the barrier to online shopping mentioned by (Haryo Bismo Putro, 2015).

According to (Serafino, 2018) saying that generation x individuals are born between 1965-1980 which their ages are between 38- 53 years old. According to (Lister, 2018) saying the generation ‘X’ label as a marketing goal for all kind of businesses due they are in the maximum expenditure and earning ages. (Ha, 2018) Saying that generation X has more power spending when compared to generation Y. In view of this context, it’s vital to know the impact of perceived risk on the intention of generation X to do online shopping.

1.2) Research aim

According to the (internet world stats, 2019) mention that internet usage in Malaysia has increased from 3270,000 users in 2015 to 4383000 in users 2019. In this era of globalization, individuals are living with high technology development and the web users are keep increasing, however, there are also number of Malaysian consumers are suspicious to shop online and decline to shop online because they don’t have much experience on it by (Chee Wei Ming, 2013). According to Forrester’s report (2010) despite constant development, internet purchases remain a tiny proportion of 7 percent of complete customer revenue cited in (ALMOUSA, 2014 ). Well, according to Horrigan (2008) the population of online users increasing but 58 percent of internet customers don’t have an enjoyable on internet shopping experience cited as (Sandra Forsythe, 2014). Moreover, the perceived risk variable need to be further investigated as perceived risk is considered one of the variable influencing internet purchasing desires in Malaysia (Cheng Boon Liat, 2012 ).

There have been several previous empirical types of research to explore obstacles to shop online. (PINTO, 2013) Says individuals in India why they are not doing online shopping because they want to touch and feel the goods in other words the quality of the product, a factor linked to the services and financial consideration. According to (Sangruang, 2011) mention that individuals in Taiwan also facing adversely effect on online shopping which is perceived risk variables such as performance, social risk, physical, and convenience. In another research undertaken by (ALMOUSA, 2014 ), in Saudi Arabia the vital variables that negatively affect online shopping by few types of perceived risk such as time, finance, privacy, social, performance, and psychological.

Well, the past study has been carried out in other Asian nations such as Taiwan, India, and China. The research results in other nations may not be completely relevant in the context of Malaysia. In addition, perceived risk is often regarded as a one-dimensional structure rather than a multi-dimensional structure for most of the previous research in Malaysia. The approach in which distinct dimensions of perceived risk works independently to affect the intention to shop online has not been studied carefully. Therefore, there is a lack of comprehension of how distinct kinds of perceived risk impact the intention of people to embrace online shopping in Malaysia. Moreover, most of the previous research didn’t concentrate specifically on generation X either in the context of Malaysia or other nations. However, the variables influencing the intention of generation x to embrace shop online are somehow unsure. So this research intends to concentrate on the perceived risk that represents obstacles to online shopping among generation x in Malaysia.

1.3) Research question

Research question

  1. what is the connection between product risk and the online shopping intention of Gen X in Malaysia
  2. what is the connection between safety and security risk and the online shopping intention of generation X in Malaysia
  3. what is the connection between the financial risk and the online shopping intention of generation X in Malaysia
  4. what is the connection between the time risk and the online shopping intention of generation X in Malaysia
  5. what is the connection between the shipping or delivery risk and the internet shopping intention of generation X in Malaysia

Research objective

  1. To determine the connection between product risk and online shopping intention of generation X in Malaysia
  2. To determine the relationship between privacy and security risk and the online shopping intention of generation x in Malaysia
  3. To determine the connection between financial risk and the online shopping intention of generation X in Malaysia
  4. To determine the connection between time risk and the online shopping intention of generation X o Malaysia
  5. To determine the connection between the security risk and the online shopping intention of generation X in Malaysia

1.4) Overview

This research seeks to continue theoretically to understand the current context of the shop online in Malaysia to explain the variables that impede on generation X from adapt to shop online that has not been thoroughly investigated before. In addition, this research offers whether the perceived risk can affect the online shopping intention of generation X. this research focusing on the immediate connection between different aspects of perceived risk and the online shopping intention of generation X in Malaysia.

This research also aims to full fill the study gap by treating perceived risk as a multidimensional structure to provide a better knowledge of which risk dimension plays an important part in affecting generation X’s desire to ship online in Malaysia. This research alerts e-marketers tot the perception of the risk of generation X to online shopping. E-marketers can understand what sizes of risk generation X is a concern with and therefore customize reduce the risk approaches to specifically decrease their concerns. Moreover, when well know about the barriers that affect the online shopping intention of generation X the e-marketers also can provide goods and services to attract more individuals. This research also enables potential e-marketers who are planning to set up an e-commerce business to get a clear image of their business plan.

Bibliography

  1. Alias, A. ( 2018, March 19). Malaysia’s Internet penetration is now 85.7 percent. Retrieved 6 3, 2019, from new straits times: https://www.nst.com.my/business/2018/03/346978/malaysias-internet-penetration-now-857-cent
  2. ALMOUSA, M. ( 2014, June). The Influence of Risk Perception in Online Purchasing Behavior: Examination of an Early-Stage Online Market. International Review of Management and Business Research, 3(2), 779 -787.
  3. ALMOUSA, M. ( 2014, June). The Influence of Risk Perception in Online Purchasing Behavior: Examination of an Early-Stage Online Market. International Review of Management and Business Research, 3(2), 779-787.
  4. Ariff, M. S., Sylvester, M., Zakuan, N., Ismail, K., & Mat Ali, K. (2014). Consumer Perceived Risk, Attitude and Online Shopping Behaviour; Empirical Evidence from Malaysia.
  5. Chee Wei Ming, K. D. (2013, January). Online Shopping and Customer Satisfaction in Malaysia. International Journal of Marketing Practices – IJMP, 1(1), 43-51.
  6. Cheng Boon Liat, L. H. (2012 ). A Study Of E-Shopping Intention In Malaysia: The Influence Of Generation X & Y. Australian Journal of Basic and Applied Sciences, 6(8), 28-35.
  7. Ha, L. (2018, 11 19). Generation X: A Small but Mighty Generation. Retrieved 06 14, 2019, from euromonitor international: https://blog.euromonitor.com/generation-x-a-small-but-mighty-generation/
  8. Haryo Bismo Putro, B. H. (2015). Factors Affecting Purchase Intention of Online. British Journal of Economics, Management & Trade, 9(1), 1-12.
  9. internet world stats. (2019, 6 10). INTERNET GROWTH STATISTICS. Retrieved 6 2019, 2019, from internet world stats: https://www.internetworldstats.com/emarketing.htm
  10. Lister, M. ( 2018, November 28). Generational Marketing: How to Target Millennials, Gen X, & Boomers. Retrieved 06 14, 2019, from workstream: https://www.wordstream.com/blog/ws/2016/09/28/generational-marketing-tactics
  11. Masoud, E. Y. (2013). The Effect of Perceived Risk on Online Shopping in Jordan. European Journal of Business and Management, 5(6), 76 – 87.
  12. Mike Moriarty, P. N. (2013). online retail is front and center in the quest for growth. the 2013 global retail e-commere index TM, 1 – 19.
  13. PINTO, N. L. ( 2013, August). UNDERSTANDING THE BARRIERS TO ONLINE SHOPPING AMONG INDIANS. International Journal of Research in Humanities, Arts and Literature (IMPACT: IJRHAL), 1(3), 35-44.
  14. Sandra Forsythe, W.-S. K. ( 2014). THE IMPACT OF ONLINE SHOPPING EXPERIENCE ON RISK PERCEPTIONS AND ONLINE PURCHASE INTENTIONS: DOES PRODUCT CATEGORY MATTER? Journal of Electronic Commerce Research, 15(1), 13-24.
  15. Sangruang, J.,.-M. (2011). The Perceived Risks of Online Shopping in Taiwan. Social Behavior and Personality: an international journal, 39, 275-286.
  16. Serafino, J. (2018, MARCH 1). New Guidelines Redefine Birth Years for Millennials, Gen-X, and ‘Post-Millennials’. Retrieved 06 12, 2019, from http://mentalfloss.com: http://mentalfloss.com/article/533632/new-guidelines-redefine-birth-years-millennials-gen-x-and-post-millennials
  17. Sohail, M. S. ( 2014, October 20 ). Factors Impeding Online Shopping: An Arab World Perspective. European Online Journal of Natural and Social Sciences, 3(4), 972-982.

Right Incentives for Each Generation in Workplace: Baby Boomers, Generation X, Generation Y, and Generation Z

1.0 Introduction

There are four generations by distinguishing their birth year: Baby Boomers (Born between 1946 – 1964), Gen X (Born between 1965 – 1980), Gen Y / Millennial (Born between 1981-1994), and Gen Z (Born between 1995 – 2010). In the workplace, these four generations will work together. While for different generations, they have different expectations, so different innovative methods are needed to engage, retain and attract them. In this assignment, we will focus on Baby Boomers, Gen X and Gen Y to discuss the right incentives for each of these generations.

2.0 The right incentives for each generation

According to the Cambridge dictionary, incentive means something that encourages a person to do something. Generally, the right incentives for each generation is about the employer giving something to motivate employees in order to increase their productivity at work.

2.1 Baby boomers (1946-1964)

Baby boomers are born between 1946 to 1964 and their current ages are 55 to 73 years old. There are two sides of view which is on how baby boomers in the USA and Malaysia. In the USA, baby boomers are born after World War 2 which lasted in 1945. They were known as hippies or yuppies images as they like to wear loose t-shirts, bell bottom jeans, and grow long hair. At that time, their mission is to work hard and created the backbone of economic development for the US. While in Malaysia, baby boomers can be likened to Merdeka babies. This is because they are the ones who have seen pre-independence, experienced independence, and seen the development of Malaysia post-independence. They are mostly English-savvy compared to other generations as that time the schools use English as their first language. British rule and law were respected at that time.

So there were four incentives for baby boomers at the workplace which is retirement savings support, phased retirement plan, and focus on wellness and training programs.

1. Give retirement savings support.

Employers are encouraged to give retirement savings support as this is one of the major concerns that all older workers have when they have reached the retirement age. They have been thinking on will they have enough money to support them when they are fully retired from the job. Some of them may have a lot of debt from buying a home, enrolling their kids to university and others. So companies can offer help with pension benefits and include a session with a financial planner. As an example, we have Employees Provident Fund (EPF) in Malaysia as one of the retirement schemes that are compulsory for all private sector companies. This scheme is aiming to help people working in the private sector to save a fraction from their salary in a lifetime banking scheme that will primarily be used as a retirement fund. This retirement fund also required the employees and their employers to contribute towards saving and only allowed to withdraw these savings when reaching retirement age or for special purposes.

2. Provide a phased retirement plan.

Companies should provide phased retirement plans such as allowing the older workforce to work as part-time position. This is because the baby boomers are mostly from middle and upper management in most organizations. They are also known as who have a lot of experience, knowledge, and skills. So before they fully retired it is good for companies to bring them as part-timer consultants that will guide the generation X and Y at the workplace. Besides, the older workers can still have income even though they have reached their retirement age and enjoy the flexibility of working hours.

3. Company should focus on its wellness.

Companies may want to keep their top performer of older workers at work so it is good for the company to focus on their wellness. The companies can offer on-site wellness services and incentives. As they are still working, they might have fatigue regarding stress with their work and lack of sleep. Their bodies also need more attention in the form of light exercise, healthy food and beverages, and regular health checkup with the doctors as their get old. So as a good company, a company should invest on building a gym in the company, have aerobic exercise before starting working hours, give incentives on healthy food or give three minutes for them to take a break by walking around after working for every two hours in order to keep the older workers remain energized and avoid fatigue. According to the National Institute of Aging (2019), yoga and tai chi is one of the good exercises for older people to reduce their fatigue as it combine balance and breathing that will improve their energy.

4. Provide training programs for old works

Lastly, the employer must provide training programs for older workers as they have to keep it up with the latest technology so they are not left out in terms of technology.

2.2 Generation X (1965-1980)

As we know, Generation X is the generation who were born in 1965 to 1980 which their current ages are from 54 years old to 39 years old. Generation X in the United States of America (US) and Malaysia are totally different because Malaysia has recently become independence for 8 years while the US has already become a developed country in their economy and improving their technology compared to other countries.

As for the US, the period between 1965 and 1980 was a period where the economy has rose and became the leader for nation in the entire world. The whole world that time looks the US as the ideal business partner and the ideal place to be visited in the next year ahead. Generation X were known as ‘Latchkey Children’ because both of their parents were required by governments to work due to their economy. In this era, parents were able to afford to have a maid to babysit their children whenever both of them were working as their life a luxury. But, working parents lead to divorce as they have no time to spend together. So their children was left to take care of themselves and this affects them to be independence to solve problems alone. Their generational mission is to be balanced because they know how to balance between work and family as they did not want themselves neglecting their own child like their parents used to be.

While in Malaysia, Generation X which still children were playing wildly outside the house because at that time it was very safe to play around the neighborhood without worrying about murder or kidnap cases. As they grew up, Malaysia started to industrialize with labor-driven and low-end manufacturing. The New Economic Policy was implemented at Second Malaysia Plan and lasted until Fifth Malaysia Plan which form by the National Operations Council after the 13th May incident in Malaysia brought contrasts between Generation X and Merdeka babies. This generation grew under Tun. Dr. Mahathir Mohamad’s leadership as they have seen the transformation of Malaysia from a nation that focused on agriculture which has been the backbone of the Malaysian economy, to high-end manufacturing. This generation were more educated compared to the baby boomers because Malaysia’s first public university such as the University of Malaya and the University of Science, Malaysia were established to pursue tertiary education and Bahasa Melayu as a medium of instruction in schools.

Right incentives for generation X

1. Offer management that prioritizes their autonomy.

Autonomy is the ability to make own conclusion without being managed by others. Generation X that have always been taking care of themselves since they were children tend to be independent, self-standing, self-support, creative, diligent work ethic, and flexible in their approach to their professions. With the independence of Generation X, they prefer an open-management style which listening and responding to employees’ ideas, issues, and ways of thinking and approaches to their work. They also does not prefer structured work hours because they want to spend their time with their family as family is important over anything. Too-strict hours can affect the business because it will harm their health such as blood pressure, then they will be absent for work. If employers try to control action made by Generation X employees, it actually diverts their greatest character which their ability to be creative and work independently as they have been independent since a young age so they are practicing it in their workplace.

2. Professional development opportunities.

Generation X are eager more chances for professional development. As we know, Generation X are the first generation who has grown up with technology. In an era of technology and social change, Generation X tend to welcome and flourish on diversity, challenge, and responsibility input when they are in the workplace. Generation X are going to lead in teaching while increasing their knowledge at the same place. To encourage capability and skills, the company will gain the benefit of new leadership that can help their business grow when Generation X leading the training processes that are also satisfied with their jobs. Hence, employers should offer more professional growth opportunities to give them space to feel more occupied and empowered at work. This will affect the employees to stay and grow the team’s talent.

3. Giving bonuses/ rewards.

Employers should show generation X that they are valued, such as giving monetary bonuses or having a free lunch in the office at least once a week. This somehow will save at least RM10 for their lunch meal as they always work hard to provide their children’s college costs. As generation X prioritize their family, employers can also give them rewards such as holiday trip for a whole family so they will spend their quality time with their family members and in their lives outside of the office. These rewards will make them feel appreciated by the company. Inspiring their ability to manage priorities is one of the ways to make generation X stay loyal to the company.

4. Recognition of achievement.

Recognition is an appealing motivator for all generations that can boost their self-esteem, but the difference lies in how each generation prefers their praise to be delivered. Generation X’s choice is to be recognized by their employer in a private setting such as presenting their rewards for their successfulness in front of a small team that always works together with them rather than presenting in front of the entire office that does not know their existence. Employee recognition is important because recognition is one of the best motivators that employees should get by the employer in order to raise their self-esteem by being granted for being excellent for what they do. Even for small gesture such as saying ‘thank you’ to them for doing their job well done are also considered as recognition that company always underestimate it. By recognizing the employees, this will make them happier will affect them to be more productive as well as enhance their loyalty towards company and improve employee retention to keep the company’s most valued assets which is an employee who have well trained and motivated by management as searching for quality employee is not easy as ABC.

5. A good work-life balance.

Generation X were defined by experts as working to live because they valued work-life balanced. Work-life balance is a theory that split one’s time and energy between work and other important aspects of their life. As for generation X, the important aspect in their life is their family. They should let go of perfectionism in doing their jobs as life are getting harder. If they pursue perfecting their jobs, they will not be able to have time to spend with their family. They also did not want to spend their entire life working because they prefer time off instead of working more hours to get additional payment. This is because they want to spend their leisure time with their family members because the majority of generation X have families.

2.3 Generation Y (1981- 1994) 3-11

1. Providing flexible working arrangements.

One of the characteristics during the year 1981 to the year 1994 is the development of technology, especially the use of the internet. According to the survey done in the US, generation Y who use social networks takes 90% in the year 2019. Generation Y relies heavily on the internet which makes flexible working places possible and this can give convenience to the worker.

One big difference for generation Y is the high demand for work-life balance. They do not like to sacrifice all of their time on work. By fixing the total working hours for one week, let the workers choose the daily working hours is the right incentive for generation Y as they can balance their work and life. This will also increase the loyalty towards the companies. According to the U.S. Bureau of Labour Statistics, more than 20 million Americans are willing to choose flexible working hours. Most of them are young adults who can not find proper full-time jobs.

2. Positive workplace culture.

Generation Y values workplace culture more than other generations. The education level of generation Y is higher than previous generations. They prefer an open, friendly working environment that allows them to participate in decision-making, and feel valued and important to the company. Positive workplace culture is the right incentive for generation Y to increase their creativity and productivity.

The survey below shows how generation Y reacts about the question ‘I want to have a say about how I do my work’. 65% of respondents agree with this. Positive workplace culture will create a better working environment enabling the engagement of workers and a friendly working environment makes them feel valued and appreciated.

3. Timely awards.

According to One CareerBuilder survey, employers expect 45% of their newly hired college(Generation Y) grads would remain with the company for under two years, The times of generation Y changing their jobs are higher than other generations and the time a generation Y worker works for a company is lower. Compared to paying dues, and cashing out at requirement, generation Y prefer to know what companies can offer them at the moment. In other words, the delay of satisfaction is not attractive for generation Y as before. Timely awards can satisfy needs timely thus increasing the loyalty of workers and awards itself is a kind of incentive.

4. Worker training and individual development planning.

The average education background is higher than previous generations on average. They like to accept new things and providing them with work training can strengthen their professional skills which is helpful for their career development. Giving them individual development planning to help them have clear career development and link their career to the companies which can increase their passion towards work and loyalty. This will also increase employees’ competition which is helpful for them when facing challenges. Companies like Seattle Genetics, SAS, and Amazon provide their employees regularly to strengthen their professional skills. It is a win-win method for both companies and employees.

3.0 Conclusion

Based on the different characteristics of the three generations, employers or companies should use a different incentive for each generation. In general. For baby boomers, giving them retirement savings support, a phased retirement plan, and focusing on wellness and training programs are the right incentives. For generation X, offering management that prioritizes their autonomy, and professional development opportunities.

giving them bonuses/ rewards, giving them the recognition of achievement, and providing them a good work-life balance will be the right incentives. Lastly for generation Y, providing flexible working arrangements, positive workplace culture, timely awards, and worker training and individual development planning are the right incentives.

By giving the right incentives to the right generation in a workplace can maximize productivity and build a strong and healthy working environment and relationship which is good for the development of companies and also to the employees themselves.

Evolution of HR Policies from Generation X to Generation Z: Analytical Essay

Abstract-

The world’s workforce comprises of people belonging to different generations starting with generation x being born in the 1980s, hard-working and committed individuals to the current generation z which is the youngest, born in the age of technology, self-directed and free-spirited individuals. We shall be considering generations x, y, and z in this study since they make up today’s major portion of the workforce. This diverse workforce, therefore, becomes the determining factor for organizational performance therefore their perspective towards HR policies will decide their performance and commitment level towards the organization. This research paper will explain the evolution of HR policies from generation x to z and how the three generations differ from each other.

Introduction-

The firm’s performance is highly affected by the impact of HR policies in the field of human resources and industrial relations. HR policies is a collective term for the responsibility towards the workforce of the organization keeping in mind the organizational goals. HR policies are used as guidelines to manage people in various aspects of which the core responsibilities are

  • Procurement (recruitment, selection, talent acquisition, induction, orientation)
  • Managing the workforce (compensation, performance management, wellbeing and safety, employee engagement, management information systems (MIS)).
  • Exit management (employee layoff, retirement, and downsizing).

The performance of an organization is highly affected by HR policies and has been a hot topic for research by professionals in the field of human resources. It has been argued that an effective HR policy covering procurement, performance management, compensation management, high employee engagement, and training can prove to be an important tool to increase workforce knowledge, capabilities, motivation, and skills. HR policies are used for the retention of good quality employees and the removal of non-performers from the organization. Though the hr policies and practices are intended to vary from one country to another and from one employee to another and are also influenced by the type of industry in which it is being used. An important relationship is shared between HR policies, organizations, and employees to cope with the changing environment and competition prevailing in the outside world.

One of the most important characteristics of an organizational workforce is its diversity. The workforce is highly diversified in age comprising of different generations working together with different needs and values. Generation x and y make the major portion of the entire workforce while the youngest generation z is about to enter into labor work and will ultimately replace the previous generations for many decades. The ultimate sync amongst these generations is what keeps an organization running smoothly despite of different mindsets and personalities. Generation x is characterized by the people who were born between 1965 -1980. The workers of this generation were not as loyal as their predecessors. They were independent and self-directed. The successor to them were Generation Y also known as millennials characterized as independent and looking for continuous feedback and clear goals and objectives. Then the latest Generation Z arrived into the world between 1997 to 2010 being the youngest, seeking freedom and full autonomy and is about to enter into the workforce. (Corey Pires) .All these generations bear different kinds of roles and responsibilities towards their families and society in such cases it is difficult for the organization to devise hr policies that are friendly for all. In such a situation productivity measures, work structure, and organizational culture need intense study and change. The time has come that the organization realizes that its workforce is aging and getting older and acknowledge the fact that the variations in the workforce and their perception towards the HR policies can become a major concern in coming time. To curb these differences and make these generations work as team effective policies need to be formulated in such a way that it is employee friendly for all generations.

Literature Review

HR policies are well-versed statements that help the organization to manage their workforce. Today’s organization consists of a culturally and generationally diverse workforce who have their own interests, needs, and values. HR policies cover almost all the aspects related with employees right from procurement till their separation from the organization. These policies help the organization to make maximum use of the workforce to achieve goals while help employees (Ogedegbe 2014) to secure a better life and career. The diversity in the employees can be viewed as a positive aspect of labour but can be conflicting since they differ in their personalities and thought processes. In today’s scenario, the workforce majorly comprises of three generations – Generation x, generation y, and generation z.

Characteristics of generations-

Generation x

The people were born between 1965 and 1980 and have a different attitude towards work from their ancestors. They had a difference in opinion and did not trust in ways of working of their parents. Therefore they tried to mend their ways and explored other means than the traditional working styles. This generation was skeptical and questioned the traditional working styles and welcomed change, unlike their previous generation which never questioned and went on working in the same pattern for years. They had a strong desire for work-life balance and career growth opportunities.

Generation Y

Generation Y is also known as millennials were born between 1981 and 1996. They form the major part of the workforce. They have been characterized as self-confident individuals, independent, and goal-oriented. Though the media created a negative image of this generation as self-centered and lazy kids. This generation is tech savvy which have made easier for them for adapting to major technological change than the previous generation. They seek managers who respect their ideologies of freedom and give them regular feedback (Jeni and Karen,2007).

Generation z

Generation z is the youngest of all being born during 1997 to 2010 in the age when technology entered into the lives of the common man. Generation z differs from generations x and y by several factors entrepreneurial, autonomy, motivation, and in-person communication. The evolution of previous generations from being traditional to practice autonomy has help in shaping the behavioral traits of this generation. This is the youngest blood who’s a very small percentage is in the industry while the rest are about to enter. (Wiedmer,2016)

It is forecasted that they will become one of the most powerful generations of all time. They seek full autonomy in their work and cannot tolerate monotony. The current workforce is majorly generation x and y individuals with very less of generation z. Generation z being born in the era of technology they feel more attracted towards it. Technology is in their blood and they have grown to use the maximum of it, therefore technology has also played a major role in developing these induvial and they are better able to cope with the complex environment.

It is very much evident that the people of all three generations differ in their needs, values, and personalities. These generational differences are posing challenges for human resource specialists and managers and they are exploring how to manage and work with people from different generations in the workplace and how her policies can make an impact on these generations so that they can work as a team towards achieving organizational goals.

A comparative study of generations x y and z is as follows-

  1. Generation x
  2. Generation y
  3. Generation z
  • Birth year
  1. 1965-1980
  2. 1981-1996
  3. 1997-2010
  • Characteristics
  1. Independent, disciplined, traditional
  2. Confident, highly educated, goal-oriented
  3. Autonomy, freedom of work, enthusiasm, open-mindedness
  • Importance
  1. Highly experienced, good managers
  2. Making a major portion of the workforce, technologically sound
  3. Fresh blood, energetic, zeal to prove themselves

A study by Conway (2004) established a relationship between HR practices and commitment level and how it varies with age of the employees. He suggested that the older age group was more committed towards organization than the younger generation. It was an important finding since it can reveal the possible causes and solutions for retaining younger employees. The old workers who were highly committed were more satisfied with job security (Finegold et al. 2002). A theory was proposed by Higgins (1997) that there are majorly two types of focuses, one being a promotion focus involving aspirations and accomplishments and the other being a prevention focus involving responsibility and safety. Later Freund (2006) concluded that the promotion focus was seen in young employees while the prevention focus was more prominent in old employees. Motives related to work and career change with the age of the employee so it can be said that the impact of HR policies can also vary with age (Kooij et al., 2011).

Research Methodology

The research was done with the help of secondary data collected from various research papers and then extensively studied.

Analysis and Findings

The time has arrived where generation x has taken over the senior positions in the organization. Though not born in the age of technology they seem to fit with the fast-changing technological advances as they have witnessed the major ups and down in the technological field. This generation has been in the industry for more than 25 years and has the ultimate pool of rich experience that can train young individuals. While generation y forms the major part of the current workforce and is enthusiastic to become future leaders and have high aspirations for the future. Then there is generation z which is highly energetic and young blood filled with determination to prove themselves, though they have a different mindset and thought process but with sincere attempts, this generation can work well with their predecessor generation x. An experienced generation can carve a route towards organizational success with the young generations along with building their future as well.

As the difference lies within the core values of these generations so there is always a chance of conflict in opinion, then it is the time where strategists have to come up with a common solution that can be beneficial for the entire workforce. There can be many instances where employees of different generations can end up in conflicts. For example generation, x people have a traditional approach towards work policy while employees of generation y and z expect to work on their own terms and conditions at this point the policymakers are expected to devise such solutions which can help in achieving the task completion which is the ultimate goal. Working conditions, work-life balance, work location, and time flexibility are some of the domains where HR policies can be formulated keeping in mind workforce diversity. As in the coming time generation, z will be in their prime phases so it is necessary for the organization to look after the procurement of generation z employees. Generation z is marked as the intense technology users therefore this technology can be used for their recruitment by connecting to them through internet technology and social media. Retention of generation z employees can be a hassle since they want full autonomy that is the reason they can be founded as freelancers and contract-based employees. With the evolution of generations, there has been a major change in HR trends. Health and safety were the prime benefits that were given to the employees but the current trend has tremendously changed giving more autonomy to the employee-related work location and timings. The flexible work time policy can be very helpful in retaining the current generation of employees. The primitive HR policies never considered curbing stress during working hours but stress management can become a new topic of research. Organizations back then gave a hike of a fixed percentage of salary with limited means of extra income. But with policies of perks and incentives they can motivate current employees to stay longer in the organization and thereby increasing their loyalty. Learning organization is a concept where an organization and its employees are open to learning. This can help employees to sharpen their skills and enhance their level of knowledge. By introducing new techniques of learning such as on-job training, rotational jobs, conferences and seminars can give an opportunity to both generations y and z to explore more of their inner skills and capabilities. These little changes in policy can actually make big difference in the coming future.

Conclusion

HR policies are meant not only for the smooth functioning of the organization but also for the well-being of the employees as well. Policies are formulated in such a way that can cater the needs of the organization and can be molded as and when required. The labor market is facing a transition phase where the focus is being shifted from generation x and y to generation z. The new talent is emerging and getting ready to step into the industry and will rule it for several decades. The organization must gear itself for this transition and make policies that are flexible enough to keep up with the pace of changing environment.

References

  1. Ogedegbe, R.J.(2014). Achieving Organisational Objectives through Human Resource Management Practices. Eur. J. Bus. Manag. , 6(16),1-6.
  2. McIntosh, J., McRitchie, K. (2007). From the Silent Generation to Generation X, Y and Z: Strategies for Managing the Generation Mix, 240-246.
  3. Wiedmer, T.(2016). Generations Do Differ: Best Practices In Leading Traditionalists, Boomers, And Generations X, Y, And Z. Delta Kappa Gamma Bulletin. 82.1 (2016): 51-58.
  4. Conway, E. (2004). Relating career stage to attitudes towards HR practices and commitment: Evidence of interaction effects. Eur. J. W. Org. Psych., 13, 417–446.
  5. Finegold, D., Mohrman, S., & Spreitzer, G. M. (2002). Age effects on the predictors of technical workers’ commitment and willingness to turnover. J. Org. Behav., 23, 655–674.
  6. Higgins, E. T. (1997). Beyond pleasure and pain. Am. Psych., 52, 1280–1300.
  7. Freund, A. M. (2006). Age-differential motivational consequences of optimization versus compensation focus in younger and older adults. Psych. Aging, 21, 240–252.
  8. Kooij, D.T.A.M., De Lange, A.H., Jansen, P.G.W., Kanfer, R. and Dikkers, J.S.E. (2011). ‘Age and work-related motives: results of a meta-analysis’. J. Org. Behav., 32: 2, 197– 225.

The Effective Management of a Multigenerational Workforce: Generation X, Generation Y and Generation Z

1 Introduction

The world has been in constant demographic change and it’s experiencing immense changes with the advancement in vast technologies and proliferation in communication tools, resulting in clear and more prominent differences between different age groups or generations (Belal, Nafei, Khanfar, & Kaifi, 2012). Over the last couple of years, there has been interaction between three very different generations inside the workplace, Generation X, Generation Y better known as millennials, and most currently Generation Z (Belal, Nafei, Khanfar, & Kaifi, 2012). Dr. Paul White mentions in his article (2019), “The Changing Workplace: Generational Differences”, that “the issue of understanding, leading, and working with employees from different generations continues to be one of the most common challenges leaders mention to me”.

This puts into perspective that there are clear differences between employees in large part due to distinct life experiences. This suggests a higher chance of discomfort, conflict, and misunderstanding inside the workplace, setting up leaders to a big challenge in maintaining a healthy organization and work environment (White, 2019). According to White (2019), “the number of Millennial and Gen Z employees is expected to surpass the Generation X (individuals in their late 50s and older) by the end of 2019 and they will comprise nearly half of the total working population by 2020”. Different views and ideas about work and life clash within the encounter of these generations inside the workplace (Al Asfour & Letau, 2014).

As the overlapping of these generations increases, it is imperative for the managers inside the organizations to be able to handle, manage and convert these differences into positive organizational results (Al Asfour & Letau, 2014). The necessity for the effective leading of a multi-generational workforce is thriving and it becomes vital for the survival of organizations in modern times (Al Asfour & Letau, 2014). Discussions are being raised among leaders over the application of different approaches of leadership and management in multi-generational workforces (Belal, Nafei, Khanfar, & Kaifi, 2012).

Each generation holds different characteristics, which shows that managers should not use the same leadership style to suit all employees (Tishma, 2018). Suggesting, that the correct approach when communicating with different generations is extremely important since it will increase employee motivation and performance (Tishma, 2018). As Mariel Tishma wrote in her article (2018), “Leading across generations”, “each generation has a preferred way it likes to be led and using these preferred leadership styles managers are better able to build trust and communicate with employees”.

With generations having different ways of communicating, thinking, and acting it is critical to understand their characteristics and learn more about the behavior of each inside the corporative environment. Nonetheless, a profound analysis of the different leadership styles is necessary. Deciding where do they fit considering the characteristics of each generation and how can managers successfully apply these styles inside the workplace.

2 The encounter of three generations

2.1 Generation X

Generation X is the group of people born between 1961 and 1980 (Al Asfour & Letau, 2014). This generation is described as having unique traits and valuing work-life balance (Al Asfour & Letau, 2014; Belal, Nafei, Khanfar, & Kaifi, 2012). This generation resulted to be more open-minded and less traditional than their predecessors; they tend to think in a more progressive way and on a more global scale due to the rise of the Internet and the exposure to more advanced computers (Al Asfour & Letau, 2014; Belal, Nafei, Khanfar, & Kaifi, 2012; Belal, Nafei, Khanfar, & Kaifi, 2012). Al Asfour and Letau (2014) describe this generation’s core values as diverse, risk-tolerant, fun, informal, individualistic, self-reliant, and entrepreneurial. Belal et al. (2012) suggest that this generation is informal but more adaptable to certain situations in comparison to their predecessors. They tend to be more focused on what the end is and not on what it takes to get there, they care more about the outcome (Belal, Nafei, Khanfar, & Kaifi, 2012).

According to Al Asfour and Lettau, Generation X is greatly influenced by its leaders and that determination is inside this generation’s genes (2014). This idea was explored by Arsenault (2004), who noted that leaders such as Nelson Mandela, Ronald Reagan, and Bill Gates had a great impact in Gen Xers into adopting determination as leaders. Adding to this generation’s characteristics inside the workplace, Belal et al. argue that the Generation X cohort tends to thrive in a work setting that affords them the opportunity to promote socially-important interactions with supportive colleagues (as cited in Benson & Brown, 2011; Wallace, 2006). The following generation has proved to have totally different characteristics primarily molded by their technological abilities (Belal, Nafei, Khanfar, & Kaifi, 2012).

2.2 Generation Y – Millenials

Generation Y or Millenials is the first generation since Generation X to present “superlative” advantages compared to past generations due to being raised inside of what we call the digital age (Belal, Nafei, Khanfar, & Kaifi, 2012). People encompassed in this group were born between 1981 and 2000 (Al Asfour & Letau, 2014). This generation embraces the values of optimism, scrutiny, collaboration, innovation, civic duty, confidence, integrity, achievement, and ecologically awareness, and are conventional and socially conscious (Al Asfour & Letau, 2014; Belal, Nafei, Khanfar, & Kaifi, 2012). As mentioned before, the technological advantages that are practically innate in Millenials turn them in very important and valuable “assets” inside organizations that deal with relatively new technologies (Belal, Nafei, Khanfar, & Kaifi, 2012).

Due to advances in technology the whole world changed turning societies into more dynamic and vulnerable to fast-paced changes (Al Asfour & Letau, 2014). Al Asfour and Lettau describe (2014) Generation Y individuals as self-absorbed, self-reliant, and with a strong sense of independence and autonomy in conjunction with being image-driven and highly motivated to achieve personal accomplishments that they view as success (as cited in Williams & Page, 2011). The workplace seems not to be a comfortable place for Millenials (Tishma, 2018). They prefer working in environments where they have control and can give themselves flexibility and establish independence. According to Belal et al. (2012) causes for this goes all the way to the increase of economic value in businesses linked to the Internet and the great economic instability that lead to increases in divorce and layoffs. Turning this generation into a society skeptical to a planned life with long-term commitments, living in the moment became a way of life (Belal, Nafei, Khanfar, & Kaifi, 2012).

This generation lacks patience and searches for constant and immediate rewards even though when they don’t deserve it, they look for participation rewards (Belal, Nafei, Khanfar, & Kaifi, 2012). According to Belal et al., this is why many of them tend to reject competition with people close to them and keep their distance from politics (as cited in Tolbzie, 2008). Al Asfour and Lettau argue that this generation prefers working in groups and collaborating with others in a dynamic working environment, they also take into consideration and value the purpose of their work (as cited in Hewlett et al., 2009). Also, adding to this, Al Asfour and Lettau classified this generation as “opinionated” and that they strive to have a place in the organization and look to be heard (as cited in Hartman & McCambridge, 2011, p. 24). The next and last Generation is called Generation Z.

2.3 Generation Z

This Generation is the newest and it’s the one who is starting to enter the workplace. Belal et al. categorize this generation as people born between 2001 and the present time (2012). Surprisingly, Belal et al. describe this generation as the new conservatives, highlighting their traditional beliefs, valuing the family, self-controlled, and more responsible (as cited in Williams & Page, 2011). This generation tends to depend less in their parents and searches for independence and maturity in earlier stages compared to past generations (Belal, Nafei, Khanfar, & Kaifi, 2012). This generation was already born in an Internet era and still has not experienced massive changes in technology, they are fast to adapt to today’s technologies and are very tech savvy (Belal, Nafei, Khanfar, & Kaifi, 2012). They tend to prefer security and stability in their lives and like to plan things out (Belal, Nafei, Khanfar, & Kaifi, 2012). Belal et. Al describe them as very similar to their last generation counterparts in terms of characteristics and specifically similar in two areas inside the workplace: expectations of career planning and using a mix of different learning styles (as cited in The United Nations Joint Staff Pension Fund, n.d.)

3 Analysis of leadership styles

3.1 Transactional

This approach to leadership in the workplace focuses more on achieving organizational objectives through the reward-punishment method, they strive for short-term goals (Tishma, 2018). As Tishma argues (2018) this kind of leadership motivates its subordinates by appealing to their personal interests, and leaders form a give-take relationship with their employees. This style rewards good performances and also recognizes accomplishments (Tishma, 2018). Tishma highlights (2018) a laissez-faire approach within this leadership style meaning that leaders tend to abdicate responsibility and avoid making decisions. They stick to the norms and are very strict with rules; they rarely change the way of executing tasks (Tishma, 2018).

3.2 Transformational

According to Tishma (2018), transformational leaders “depend on high levels of communication and require the involvement of management to reach goals”. This type of leader will focus on maintaining and watching out on the bigger picture of the organization and leaving smaller tasks of the organization to its subordinates, so they can feel part of the organization as well (Tishma, 2018). This type of leader possesses a high degree of emotional intelligence, which reflects on his individualized consideration, advice, and connection with individuals (Al Asfour & Letau, 2014). The growth and development of others is of great importance, in a result, they focus a lot in the intellectual stimulation of their subordinates (Al Asfour & Letau, 2014). Tishma mentions (2018) that this leader promotes intelligence, rationality, and careful problem-solving. They are able to instill pride and gain trust and motivate others due to their way of acting inside the organization and by communicating high expectations (Al Asfour & Letau, 2014; Tishma, 2018).

3.3 Situational

In 1969 Kenneth Blanchard and Paul Hersey developed a leadership style that suggested that leaders could adjust their approach to the work environment and the needs of each organization, team, and individual (Blanchard & Zigarmi, 2018). Blanchard (2018) gave a different perception to leadership by stating, ‘When you think in a pyramid,’ continued the One Minute Manager, ‘the assumption is that everyone works for the person above them on the organizational ladder.” Focusing on closing the gap between managers and employees as mentioned by Blanchard (2018), ‘I prefer to turn the pyramid upside down so that top managers are at the bottom,’ said the One Minute Manager. ‘When that happens there is a subtle, but powerful, twist in who is responsible and who should be responsive to whom.’ In short words, the manager should work for their people and not the reverse (Blanchard & Zigarmi, 2018).

Within this style of leadership, Blanchard categorized (2018) them into four secondary styles: directing, coaching, supporting, and delegating. Directing is mainly for new people inside the workforce, inexperienced workers, and situations of crisis. It involves specific guidance and careful supervision. Leaders need to communicate exactly what they want. Coaching encompasses training the individual to be able to emotionally support and carry out tasks. They build the character of the individual and persuade them to do their best as a person and as a team. Supporting involves taking care of the individual and making sure he doesn’t get unmotivated, these leaders leave decisions to team members. Involves facilitating and sharing. And the final one, delegating as a leader involves leaving individuals to progress and experiment on their own, this approach gives more value to the relationship that is built between the manager and the employee. The leader makes sure this individual is committed to the organization and has the potential to succeed inside it. Minimum support and guidance is provided. Blanchard also mentions (2018) that every leader should “learn to use a variety of leadership styles flexibly. You have to learn how to diagnose the needs of the people you supervise. And you have to learn how to come to some agreements with them, to contract with them for the leadership style they need from you.” Blanchard adopts (2018) a phrase that says “Different strokes, for different folks”. Everyone understands things differently in large part due to their life experience and their personal traits (Blanchard & Zigarmi, 2018).

4 Leadership styles across generations

As we analyzed pieces of generational literature involving the different characteristics between generations and the different leadership styles that can be applied, it is imperative to follow the process and merge these two factors into one to come to a conclusion.

4.1 Leadership strategies for Generation X in the workplace

In 2014, Al Asfour and Lettau noted that this generation adapted and preferred leadership characteristics from their time being: fairness, competent and straightforward, do not respect for authority as did past generations, preference of egalitarian relationships, like to be challenged, and thrive on change and that brutal honesty is a trademark of this generation (as cited in Zemke et al. 2000). A productive and effective environment may be well created by establishing an informal and fun workplace (Al Asfour & Letau, 2014). Due to the retiring of the past generation, Generation X calls for a progressively focused, employee-centered, and collaborative approach to handling the generational gap (Al Asfour & Letau, 2014).

Being the oldest generation between the ones already mentioned, it puts managers up to a challenge in modern times, in large part due do their straightforwardness (Tishma, 2018). This idea was also explored by Al Asfour & Letau (2014), suggesting that “Traditional approaches to leadership styles are not recommended for Generation X”. Al-Asfour and Lettau mentions (2014) that “To gain their trust, tell them the truth, offer learning opportunities and respect the experiences that shaped their values, beliefs and ways of thinking”. An ideal approach for this generation would be a transformational leader that gives people of this generation their space and motivates them through actions and not by directing (Al Asfour & Letau, 2014). Promoting a teamwork environment and individualized consideration by also encouraging them to learn and be creative, is linked with decentralized decision-making (Al Asfour & Letau, 2014; Tishma, 2018).

4.2 Leadership strategies for Generation Y in the workplace

Al Asfour and Lettau find (2018) Generation Y very similar to Generation X. As mentioned before, according to Al Asfour and Letau (2018), “important key values for this generation include choice, customization, scrutiny, integrity, collaboration, speed, entertainment, and innovation (as cited in Williams and Page, 2011). Al Asfour and Lettau recommend (2018) that leaders should focus on giving this generation constant, continuous, and developmental feedback as they are always looking for a constant and timely opinion on the work that they do. Leaders should also encourage a polite relationship with authority (Al Asfour & Letau, 2014). An important factor is always mentioning the mission and value of the organization and highlighting the purpose of their tasks (Belal, Nafei, Khanfar, & Kaifi, 2012). The approach of leadership to a Generation Y workforce should be by delegating within situational leadership and also applying a transactional leadership style. This generation looks for constant reward, “let them know that what they do matters, praise them in public-make them a “star” and always be on the lookout for “rewarding opportunities” (Al Asfour & Letau, 2014). Supporting this theory, Tishma noted (2018) “If they are told they are underperforming, they will likely increase their productivity in an attempt to reach a reward”.

Transactional leadership allows leaders to motivate their followers by appealing to their interests and also to work within the organizational culture, not providing too much change, which will tend to scare off millennials. Tishma also mentions (2018) that “Along with being able to recognize and reward employees based on pre-established rules, regulations or goals set by a company, transactional leadership also favors structured policies and procedures. Employees can either work independently or in a tightly organized hierarchical structure”. Adding to this, Al Asfour and Lantau point out (2014) the importance of honesty with clearly identified boundaries, mentoring programs, effective communication, clear expectations and offers for learning opportunities for people inside the X and Y generations.

4.3 Leadership strategies for Generation Z in the workplace

The last but newest generation is just entering the workforce and finding themselves in a very diverse work environment. Al Asfour and Latau mention (2014) “the leadership style appropriate for this generation will not be too far from Generation Y.” Hence, this assumes that a similar approach should be taken when dealing with Generation Z and Y individuals, both being raised in very technological and similar worlds (Al Asfour & Letau, 2014). Gen Z will look for an organizational culture that involves technology and a very dynamic working environment, they will prefer automating processes and using technology in every aspect of their tasks (Al Asfour & Letau, 2014). They will seek organizations that do not have a traditional hierarchy inside the workplace (Al Asfour & Letau, 2014). Just like Generation Y they constantly “hunt” for gratifications opportunities (Tishma, 2018).

Mentioning the purpose of the organization and how it will help them grow and get where they want to go is key (Al Asfour & Letau, 2014). As mentioned for the Y Generation, the most ideal approach will be transactional leadership accompanied with the establishment of small dynamic groups with clear goals and performance-driven (Al Asfour & Letau, 2014). A focus on delegating or coaching will be effective for this generation since it is a perfect combination of giving them the confidence to achieve tasks by direct praise and feedback and also they will have the freedom of choosing the direction they want to take (Blanchard & Zigarmi, 2018).

Conclusion

Tishma explains (2018) in her article, “Leading Across the Generations”, that the final approach on the workforce falls into the manager’s hands, determining “the best way to lead and develop the people under their supervision using a style that builds trust in the process”. It is worth mentioning that there’s no specific style of leadership for the entire workforce (Tishma, 2018). Each individual is a world of his own and this is in large part determined by their life experiences and the world they were raised in (Tishma, 2018). Al Asfour and Latau support this idea by stating “Issues relating to the economy, scientific progress, technology, politics, social change, and other factors have an immense impact on each generation in shaping its views and the characteristics of their working environment” (as cited in Williams & Page, 2011).

Differences, precisely, are not supposed to be understood in a negative connotation but instead, leaders have to adopt these studies as an encouragement to learn more about the people they work with and as Al Asfour and Latau mention “to create a work environment that meets the needs and expectations of all employees, regardless of their generation”. We should see the differences as different potential strengths that are waiting to be exploited (Al Asfour & Letau, 2014). It’s imperative for leaders to understand the different values and views that are instilled in their workers. Al Asfour and Latau explain this position (2014) “What some leaders might view as inappropriate, employees, depending on their generation, might view as appropriate. Therefore, leaders need to understand the best way of leading people based on their generation and other diversity factors.”

The purpose of the analysis of different literature involving the handling of multi-generational workforces was to provide an open perspective on the characteristics of different generations (Al Asfour & Letau, 2014). Followed by establishing and appropriately linking them with the most effective approach to benefit the organization (Tishma, 2018). The ultimate goal is to help leaders adopt a more conscious and responsive mentality when dealing with the needs and behaviors of their followers (Al Asfour & Letau, 2014).

References

  1. Al Asfour, A., & Letau, L. (2014). Journal of Leadership, Accountability and Ethics vol. 11. Strategies for Leadership Styles for Multi-Generational Workforce. Kyle, South Dakota, United States.
  2. Belal , K., Nafei, W., Khanfar, N., & Kaifi, M. (28 de November de 2012). A Multi-Generational Workforce: Managing and Understanding Millennials. International Journal of Business and Management. Palm Beach Gardens, Florida, United States.
  3. Blanchard, K., & Zigarmi, P. (11 de November de 2018). LEADERSHIP AND THE ONE MINUTE MANAGER: Increasing Effectiveness Through Situational Leadership. New York City, New York, United States.
  4. Tishma, M. (17 de May de 2018). Leading Across the Generations. Chicago, Illinois, United States.
  5. White, P. (21 de January de 2019). THE CHANGING WORKPLACE: GENERATIONAL DIFFERENCES. Chicago, Illinois, United States.
  6. Arsenault, P. (2004). Validating generational difference: A legitimate diversity and leadership issue. Leadership & Organizational Development Journal, 25(2), 124-141.
  7. Benson, J., & Brown, M. (2011). Generations at work: Are there differences and do they matter? International Journal of Human Resource Management, 22(9), 1843-1865.
  8. William, K., & Page, R. A. (2011). Marketing to the generations. Journal of Behavioral Studies in Business, 3(3), 1-17. Retrieved from http://www.aabri.com/manuscripts/10575.pdf
  9. Hewlett, S. A., Sherbin, L., & Sumberg, K. (2009). How generation and baby boomers will reshape your agenda. Harvard Business Review, 71-77.
  10. Hartman, J. H., & McCambridge, J. (2011). Optimizing Millenials’ Communication Styles. Business Communication Quarterly, 74(1), 22-44. http://dx.doi.org/10.1177/1080569910395564
  11. Zemke, R., Raines, C., & Filipczak, B. (2000). Generations at work: Managing the clash of veterans.boomers, Xers, and nexters in your workplace. New York: NY: AMACOM.

Critical Analysis of Job Satisfaction in Generation X

Introduction

Job satisfaction means good feelings or a positive attitude towards work, due to the work that the person has been responding to the level of expectations that a person has both their own internal needs, such as the need for acceptance, self-esteem proved ability and meet external needs, such as receiving compensation from work and have more stable’s life (Spector, 1997). To further explain ‘Job satisfaction’, ‘level of job satisfaction for two different categories: X and Y generations will be the question for the survey, this research will use an online questionnaire as survey sends to 27 people in different ages, gender, type of work and years’ experience and collect the data then analyses the question. The purpose of this research was to show differences in job satisfaction of each generation, which of course must be different. This report will discuss the research questions and hypotheses and also show the findings.

Literature review

As a legal term, job satisfaction requires job attributes and career-related environment features. As found on (Zhu, 2013) Churchill et al. gave a functional description of job satisfaction, i.e. work-related affection states covering five dimensions, namely bosses, employment, work colleagues, rewards, and advancement opportunities describing job satisfaction with far-reaching effects, i.e. Employment satisfaction is some kind of good or optimistic state of love that develops in the course of assessing the work experience of a person. Job satisfaction is progressively considered to be a cognitive expression of the work at this stage. Employment satisfaction is commonly defined as an appreciation of the psychological process of acceptance, including comprehension, interpretation, reasoning, judgment, and other aspects. The assessment of job satisfaction focuses primarily on cognition. Generation X-ers often rebel against authority and they demand immediate acknowledgment through a title, praise, promotion, and pay. They also desire a life outside the work environment — they most likely would not compromise their personal life for the firm. The Millennial Generation trusts in group action, with potential hope and faith in a central authority. They prefer interacting around each other, displaying a clear desire in performing tasks. Each generation has distinctive features which somehow influence different work habits and relations, how the transition is managed, and awareness of the hierarchical structure of the entity. Any life event or situation that occurred between the ages of 5 to 18, the developmental years, defines events in the lives of each generation. The diverse backgrounds and personal experiences result in five fields of possible labor disputes involving their different preferences and choices, different work habits, deep-seated behaviors, conflicting viewpoints, and various motivators. So, the main question is what Gen X and Gen Y employees’ thoughts are and take on job satisfaction and what truly satisfies their physical and mental needs and wants. According to the questionaries’ that were conducted it seems that it is clear that there are many differences between Gen X and Gen Y. Firstly, due to the generation gap. Generation X is mostly experienced in more traditional jobs while the Millennial Generation is more engaged in technological-related jobs, so their needs and wants are definitely going to be different. Not to mention, as well as the age gap.

Method

An online questionnaire was conducted to determine the level of job satisfaction for two different categories: X and Y generations. According to (Harvard Business Review, 2019) the X generation refers to the age group who were born before the 1980s. Generation Y (the millennial generation) refers to those who were born between 1984 and 1996. Such generations were chosen for two main reasons. First, the majority of jobs in modern business are filled by these two generations. Second, there are many differences between these two generations by which their job satisfaction are affected. For example, generation Y is known as the generation of modern technology and has greater leadership ambitions. On the other hand, the X generation is known to be more experienced and skilled (Harvard Business Review, 2019).

This questionnaire was completed by 27 employees. 19 of whom were males and 8 were females. Most of the answers were from the millennial generation, with 24 people, and only 3 people from the X generation.

As shown in Figure 1, 59.3% of the employees who completed the questionnaire were employed in the private sector (16 employees) and 40.7% of them were employed in the public sector (11 employees). In addition, Figure 2 shows that 40.7% are part-time workers, and 59.3% have full working time. The questionnaire was sent online to participants who completed this questionnaire, and the average time it took to complete this questionnaire by each participant was approximately 3 minutes.

This study used the Minnesota Satisfaction Questionnaire (MSQ) Weiss (2019) to collect data along with demographic variables such as sex, age, and sector types. The short MSQ model has 20 questions. This questionnaire uses the Likert scale with five alternatives to responses for all 20 factors ranging from “very satisfied” (weighted 5) to “very dissatisfied” (weighted 1). This form can be registered at three levels: internal satisfaction, external satisfaction, and overall satisfaction (Leahr.cqut.edu.cn, 2019).

Findings

According to all the responses collected by the questionnaire, in addition, ‘very dissatisfied’ is assumed to be 1 point, ‘dissatisfied’ is 2 points, ‘Neither satisfied nor dissatisfied’ is considered to be 3 points, and the option of giving ‘satisfied’ is 4 points and ‘very satisfied’ is given 5 points, we have obtained the following results through a series of calculation, and we will analyze these data to find the differences between generation X and generation Y.

According to the table above, the average score of general job satisfaction is 3.07, this point is slightly more than the score that means ‘neither satisfied nor dissatisfied, which means that people show a stable but not extreme attitude towards the overall job satisfaction. However, there is a big difference between individual satisfaction, the table illustrates that the highest value is 4.7, the lowest value is 1.25, and the difference is 3.45. Moreover, intrinsic job satisfaction refers to people’s satisfaction when they only consider the work itself. From the table, the average intrinsic job satisfaction is 3.19, it is slightly higher than the mean of general job satisfaction, but it still presents a stable attitude towards satisfaction. However, there is still a big difference between the maximum and the minimum value, which is 3.25. Furthermore, extrinsic job satisfaction occurs when people consider the work environment, and its average value is 2.85. Although it is slightly lower than 3 points, it is still relatively stable. However, the difference between the maximum value and the minimum value is still relatively large, which is 3.83.

In addition, this paragraph will reveal the job satisfaction in generation X which means 40 to 54 years old. According to the table, whether the average of general job satisfaction, intrinsic job satisfaction or extrinsic job satisfaction, it is slightly higher than 3 points, which means that people show a stable attitude towards the work itself or the working environment, namely, they are neither satisfied nor dissatisfied but tend to be satisfied overall. Moreover, the difference between the maximum value and the minimum value of each kind of satisfaction is relatively small, and the maximum difference is only the difference in extrinsic job satisfaction (1), which means that people’s opinions on job satisfaction are relatively uniform.

Furthermore, this section will use the data in the above chart to analyze the job satisfaction of people aged 25 to 39. According to this table, the general job satisfaction, intrinsic job satisfaction, and extrinsic job satisfaction are slightly higher than 3 points. However, the maximum and minimum values of each satisfaction are quite different. For instance, the difference of general job satisfaction is 3.35, the difference of intrinsic job satisfaction is 3.08, and the difference of extrinsic job satisfaction is 3.66, which means that people at this stage have a great difference in job satisfaction.

Through the comparison of generation x and generation y, although the overall job satisfaction, intrinsic job satisfaction, and extrinsic job satisfaction of generation y are slightly higher than generation x, the differences between the two generations are not very big. However, the difference between the maximum value and the minimum value of each satisfaction of generation x is not very large, but the difference of each satisfaction of generation y is much larger than that of generation y, which means that generation x has a relatively consistent view on job satisfaction, but generation y has a more diverse view on job satisfaction. Moreover, this is also verified by the t-test (the table above), because the variance of generation x is 0.125, but the variance of generation y is 1.55. there is a big difference between these two values.

Discussion

Based on the collected data, there is no doubt that there are noticeable differences between generations X and Y when it comes to their job satisfaction level. It can be emphasized that the level of general and intrinsic job satisfaction for generation Y is slightly higher than for generation X. This means that Millennials like their occupation, and workload and value their work more than Gen-Xers. On the other hand, as for the extrinsic job satisfaction level Gen-Xers are noticeably more satisfied with their workplace environment and conditions. Generally, from the research found and made through the survey, it shows that Gen X’s general job satisfaction is 3.15 while Gen Y’s general job satisfaction is 3.21. As stated in the research, the difference between intrinsic and extrinsic job satisfaction is not that far off. Gen Y taking the higher place due to a diversified view on job satisfaction meanwhile Gen X in this research has more of a consistent view, which basically suggests that they have quite similar thoughts and feelings towards job satisfaction and what practically satisfies them. Both generations’ job satisfaction levels tend to be marked as “Neither satisfied nor dissatisfied” with a positive attitude toward the “Satisfied” mark.

When comparing the information from the Literature review section and the survey data, it can be assumed that the interviewed representatives of Generation Y mostly experience a certain lack of cooperation, recognition, and opportunities to show their potential at their workplace, since their extrinsic job satisfaction level is lower than the Gen-Xer’s one. Furthermore, it can be noticed that the range of job satisfaction level marks among the representatives of generation Y is much wider than that of generation X. It means that Gen-Xers are way more stable, patient, and generally less demanding, when it comes to work.

As for the limitations in this question, quantitative data from a comparatively small sample was used. It follows that data cannot be generalized. Furthermore, personal explanations for this question also cannot be mentioned for the same reason.

As for the further investigation of the question of the difference in the level of job satisfaction between different generations, a wider quantitative experiment with many participants should be conducted in the future.

Conclusion

To conclude, the findings show that generation X seems has more precious in job satisfaction, way more stable, patient, and generally less demanding, In the other hand, of generation Y mostly experiences a definite lack of teamwork, appreciation, and opportunities to show their potential at their workplace

however, the data collected from only 27 people cannot clarify reliability or can state that this is the perfect researching.

The research results also can show managerial practice and attitudes theories that generation X is likely to has the Best Practices in Business Management which means if firms want to choose someone to become a leader with healthy attitudes to work people in generation X would be a great business leader.

References

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