“Our current success is the best reason to change things”
Today’s workforce has been described as the “human capital” of an organization
Bill Gates
o “Little of today’s technology is proprietary. Technology is easily obtained and
replicated and only levels the playing field. An organization’s valued human
assets cannot be copied.”
Generations
o Veterans
Generation from the war
o Baby Boomers
Generation entering the workforce
Workaholics
Importance of title, status and hierarchy
o Generation X
Victim of Demographics
Introduction of technology (computer and internet)
Recessions
Jobs not reflective of their skills
o Nexus Generation
Generation coming in after previous retires
Comfortable with technology and globally connected
Sees a light at the end of the tunnel
One of the most protected generation
Helicopter parent
Want responsibility and will leave if not able to get any
Catching the Bus theory
o First on the bus (Veterans) gets the best seats (Jobs)
o Second on the best may get some seats, some may stand (Baby Boomers)
o Third on the bus get whatever space is left (Generation X)
o Last stop people are getting off the bus (Veterans and Baby Boomers) allowing
space for new people to get on (Nexus)
KIPPERS= Kids In Parents Pockets Eroding Retirement Savings
Factors That Influence the Workplace- Becoming a Seller’s Market
o Birth Rate
Want less kids, cost, Quality of life and secure employment
o Retirement of the Baby Boomer generation
Changing Careers
o Veterans -> It carries a stigma
o Baby Boomers -> It puts you behind in your career
o Generation X -> It was necessary, it happens
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