There is a “Great Generational Shift” underway in the workforce today. This is the post-Baby Boomer shift that demographers and workforce planners have been anticipating for decades. It is not only a generational shift in the numbers in the workforce, but an epic turning point. The workforce is aging on one end of the spectrum and getting younger on the other. In the middle there is a gap, with the prime age workforce shrinking as an overall percentage of the workforce.
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Today’s workplace is afflicted by an Under-management Epidemic with huge (often hidden) costs to employers, managers, and employees. Our ongoing research shows that under-management has NOT improved significantly in the ten years since our landmark study on the subject was released in 2004. While the primary causes of under-management have NOT changed substantially, our intensified research has yielded important new findings.
Based on our analysis of five year data trends we are tracking a sizable increase in what we refer to as Pent-Up Departure Demand: a growing population of employees who have felt “stuck” in their current job for a year or more. We particularly see growth in the percentage of employees who have felt this way for as many as three years or longer. This has significant implications for managers and HR professionals. In our latest white paper we examine the phenomenon, its implications, and what you can do about it.
We have been tracking young people in the workplace steadily since 1993. Since 2008, we have been tracking the emergence of Generation Z. GenZers, born in the 90s and raised in the 2000s during the most profound changes in at least a century, represent the watershed generational shift of our era. The 22-year-old members of the baccalaureate ‘Class of 2012’ were born in 1990, the first birth year of Generation Z. The bleeding edge of Generation Z (born 1990 and later; today’s 16 to 23 year olds) are already more than 11 million strong (nearly 7%) in the North American workforce and their numbers will grow dramatically over the next few years. By 2015, they will be 20 million; 25 million by 2017; 30 million by 2019.
Do you like office holiday parties? Does anyone?
Well, it turns out, yes! We asked our research panel about some common workplace holiday traditions and here’s what we found out:
An overwhelming percentage of respondents from all generations are fans of the office holiday party and would like to have one this year with their current coworkers.