An article in the CPA Journal Online lays out some of the differences between the two generations:
Traditionalists drove the 8:00 a.m. to 5:00 p.m. work schedule and are “frugal, hard-working conformists who respect authority and put duty before pleasure.” They typically have had only one or two employers, and their wives were likely to take care of the home.
Baby Boomers, on the other hand, brought their strong work ethic to their jobs but do not share quite the same deep respect for authority as their Traditionalist parents. “Baby Boomers value personal growth, hard work, individuality, and equality of the sexes.” In addition, they are much more likely to be in dual-career relationships.
Now that Traditionalists and Baby Boomers comprise the upper half of the multigenerational workplace, the differences between them seem less pronounced to younger workers, who may not distinguish between these older groups. And, after so much experience in the workforce, the differences in these two generations may matter less. What does matter, then? If the differences between Traditionalists and Baby Boomers now seem to have collapsed, it’s time to focus on their career needs in particular.
With so many years of experience under their belt, Traditionalists and Baby Boomers often comprise the management or higher-paid sectors of the workforce. As they find themselves increasingly surrounded by younger and younger colleagues – or supervisors, in many cases – these workers are apt to be concerned about job stability. And, as they move closer to retirement, many are opting to continue their careers longer, raising the retirement age on average and raising the question: “Why?” Are career longevity and retirement delays resulting from an overall desire to continue being economically productive, or from financial need?
There may be no one answer, and certainly, there may be other issues your Traditionalist and Baby Boomer staffers face. The only way to find out is to open the communication in your company, and find out just what’s on your employees’ minds.
Part one of the Multigenerational Workforce.