How Generation Y and Boomers Will Reshape Your Agenda

Hewlett, S Sherbin, L Sumberg, K Harvard Business Review July-August 2009

Overview

What will constitute an employer of choice? Boomers and Gen Y are similar Policies and strategies to attract Boomers & Gen Y Impact on IS consulting

Dave Wheeler

The Research

2 National surveys of employed university students June 2008 and January 2009 Interviews and focus groups

Some definitions

Generation Veterans Baby Boomers (aka Boomers) Generation X

Years Born before 1945 Born 1946 1964 Born 1965 1978

In 2009 they are > 64 years old 45 63 years old 31 44 years old

Generation Y
Generation Z (aka iGeneration) Generation Alpha?

Born 1979 1994

Born 1995 2010 Born 2011 2026??

15 30 years old
0 14 years old

How are Boomers and Gen Y alike?

Odyssey - Take time out to explore passions, hobbies or volunteer work. Shared Vision and Values Both groups have a sense of obligation to make a positive contribution to society. Achieving balance with flex and remote working Work / life balance and working remotely are important to both groups. Mentoring and generation jumping Gen Ys look to Boomers as mentors while Boomers like to take Gen Ys under their wings, despite the layers of corporate hierarchy. Kippers Kids in Parents Pockets Eroding Retirement Savings. Childparent bonds are very strong, with many Boomers providing financial support to their adult children.

Rewards Remix - Other forms of pay are becoming important.

Impact on Consulting

How to select a Company of Choice

Impact on Consulting

How to select a Company of Choice Be aware of the generational differences

Impact on Consulting

How to select a Company of Choice Be aware of the generational differences Assess yourself in terms of the cultural fit

Impact on Consulting

How to select a Company of Choice Be aware of the generational differences Assess yourself in terms of the cultural fit Connectivity

Impact on Consulting

How to select a Company of Choice Be aware of the generational differences Assess yourself in terms of the cultural fit Connectivity What will external consulting become?

Impact on Consulting

How to select a Company of Choice Be aware of the generational differences Assess yourself in terms of the cultural fit Connectivity What will external consulting become? Understand the style of management

Impact on Consulting

How to select a Company of Choice Be aware of the generational differences Assess yourself in terms of the cultural fit Connectivity What will external consulting become? Understand the style of management Gen Ys managing Gen Zs?

Questions