Global Workforce Demographics – Part 4 of 4: Global Workforce Recommendations

This is Part Four of a four part blog on Global Demographics.  Here is the link to:
Part One – Global Workforce Demographics
Part Two – Japan’s Workforce Demographics
Part Three – Russia’s Workforce Demographics
  Recommendations 
The long-term affects of these workforce risks in Japan and Russia are significant.  If the risks are not mitigated, we can expect to see [...]

The Silent Generation Meets Generation Y: How to Manage a Four Generation Workforce with Panache – Part 1

Introduction Managing a multi-generational workforce is a challenge that many organizations are facing today.  Shelly Schmocker, Vice President of Global Talent Management at StepStone, says that effective workforce planning strategies will require a shift in thinking from the topic of the “aging workforce” and instead address issues related to the “multi-generational workforce”.  Companies are stepping back [...]

The Silent Generation Meets Generation Y: How to Manage a Four Generation Workforce with Panache – Part 2

Four Generations in the workforce
Figure 1 illustrates the numbers of each of the four generations currently represented in the workforce.  The four groups are: Traditionalists, Boomers, Gen X, and Gen Y.  Generation Y represents the largest number of workers in the workforce, with even greater numbers than the large Boomer representation.   By examining different generational perceptions, [...]

The Silent Generation Meets Generation Y: How to Manage a Four Generation Workforce with Panache – Part 3

Experiences of the Four Generations
In order to understand the distinctions between the four generation cohorts and understand what is driving their expectations, one must examine the historical, cultural context that shaped each cohort.  Figure 5 shows each of the four generations currently in the workforce.       
Traditionalists  Traditionalists, born between 1928 – 1945, were raised in homogeneous [...]

The Silent Generation Meets Generation Y: How to Manage a Four Generation Workforce with Panache – Part 4

Attracting and Retaining Generation YThe most pressing challenge for employees today is to figure out how to attract and retain Generation Y talent.  The task is daunting because this generation has such different attitudes and expectations than previous generations.  As Tom Casey pointed out previously, companies are still figuring out how to manage Gen Y [...]

The Silent Generation Meets Generation Y: How to Manage a Four Generation Workforce with Panache – Part 5

Retiring Retirement
There is a definite correlation between overall population demographics and employee demographics in companies.  People are living longer and employers are already seeing trends toward employees having longer careers.  Individuals who retired in 2000 will, on average, spend 25 years in retirement.  Many people are now thinking about “career decelerations” as opposed to retirement [...]

Talent Scouting through the Workforce Crisis

In 1997, McKinsey coined the term “The War for Talent” with its landmark study and subsequent book by the same name. A key finding of this research, and Human Resources practices that ensued, was the importance of focusing on so-called “A” players and High Potential employees to drive business results.
The McKinsey Quarterly recently published an [...]

Global Workforce Demographics – Part 3 of 4: Russia’s Workforce

This is Part Three of a four part blog on Global Demographics.  Here is the link to:
Part One – Global Wokforce Demographics
Part Two – Japan’s Workdorce Demographics
 
Russian Federation’s Workforce Demographics
At the other end of the spectrum is the Russian Federation who’s 73 million workforce has just 9.7% of its workers 55 and older.  While in [...]