HR and talent management professionals have known for years the business value in developing and leveraging a diverse and inclusive workforce. The focus of their recruitment and retention initiatives have included race and ethnicity, gender, veteran recruitment and development, people with disabilities, and more. There is an increasing demand in the workforce today to add multigenerational diversity to the mix. HR and talent management professionals must include the effects multiple generations have in the workplace to their diversity and inclusion initiatives. Multigenerational workplaces create unique challenges and opportunities for employers who leverage each generation’s talents and strengths to benefit their organisation’s bottom lines.
Today’s workforce is decidedly multigenerational. It is comprised of five generations—Traditionalists, Baby Boomers, Generation X, Generation Y (or Millennials), and a smattering of Generation Z—whose life experiences have left indelible marks on their values and work preferences. This rapid and unprecedented demographic shift has many business leaders wondering how organisations will adapt to the "5G" workplace.
How do you think businesses will cope with a five generation workforce? Will HR adapt to managing a more multigenerational workplace? Share your views in the comments section below.
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