That said, the supposed differences between generations in the workplace are more complex than many people realise. While we can see typical generational strengths and weaknesses coming through, prioritising continuous learning in your company can help you build a network of valuable, connected professionals — no matter their age.
The generations that are likely to be present in your office can be segmented into four distinct groups:. There are a number of strengths and weaknesses that can generally be found in each working generation:. Each generation brings something uniquely valuable to the workforce. By understanding what they have to offer, you can identify key training and development opportunities that will align with their unique strengths.
It will also help you gauge where skills gaps may lie so that you can prioritise filling them. Read more about the ways in which you can assess employee needs and implement development strategies in your organisation in the article below. Filed under: Career advice. As far as household wealth, Millennials appear to have accumulated slightly less than older generations had at the same age.
But for Millennials with some college or less, annual earnings were lower than their counterparts in prior generations. The pattern is similar for those young adults who never attended college.
This analysis is in dollars and is adjusted for household size. Additionally, household income includes the earnings of the young adult, as well as the income of anyone else living in the household. The growing gap by education is even more apparent when looking at annual household income. While young adults in general do not have much accumulated wealth, Millennials have slightly less wealth than Boomers did at the same age.
This modest difference in wealth can be partly attributed to differences in debt by generation. Compared with earlier generations, more Millennials have outstanding student debt, and the amount of it they owe tends to be greater. The share of young adult households with any student debt doubled from when Gen Xers were ages 20 to 35 to when Millennials were that age.
Millennials, hit hard by the Great Recession, have been somewhat slower in forming their own households than previous generations. The rise in young adults living at home is especially prominent among those with lower education.
This gap was narrower or nonexistent in previous generations. Millennials are also moving significantly less than earlier generations of young adults. For previous generations at the same age, roughly a quarter had. On the whole, Millennials are starting families later than their counterparts in prior generations. What's really dangerous: cars. A typical person is four times likelier to die in a car than be murdered. Car deaths have been plummeting: In , over 50, people died in car accidents, one for every 1 billion miles driven.
In , even with the added danger of texting while driving, the number was 36,, or one for every 3 billion miles. That's due to both safer roads and safer vehicles, as well as mandatory seat belt laws. The average person today lives to be 79 years old, eight years longer than in Some of that is because smoking has declined. About 40 percent of the population smoked back then; it's down to 15 percent now. Some of the gain is because of better health care. Many of the diseases that affected us, like polio, are no longer an issue because of vaccinations.
Five-year cancer survival rates are up too, from around half to over two-thirds. And although it's harder to quantify, it's also almost certainly a better-quality life because lifestyles and nutrition are better. To millennials, for whom Orangetheory and SoulCycle are a way of life, it probably seems strange, but people didn't really bother to stay fit back in Running didn't take off until the early '70s.
Nike wasn't even making running shoes in Fitness classes didn't become popular until the s. To be fair, although boomers have taken fitness to where it is today, we didn't start it.
In , President Lyndon Johnson launched the Presidential Physical Fitness Test, which resulted in millions of boomers running laps around playgrounds and seeing who could throw a softball the farthest. Those good habits stuck with us. But those extra eight years of life have come at a cost, helping to drive up health care expenses. Old people require a disproportionate amount of care, and medical costs have risen about twice as fast as inflation.
Add it all up and health care was about 7 percent of gross domestic product in Now, it's 18 percent. Not to put too fine a point on it, but in life for a gay, black, young woman or any of the above was pretty tough. The baseline has moved so far, so fast that it's hard to explain what it was like in , particularly outside major metropolitan areas and in the South.
Until , some states had laws that prohibited marriage between people of different races. Before enforcement of the Fair Housing Act of , many towns had sundown laws where blacks were subject to arrest if they were out after dark.
In , women earned 59 cents on the dollar vs. Now it's 82 cents. Not great, but better. But before , employers didn't even have to pretend to pay men and women equally for the same work.
Until , homosexuality was considered a mental disorder by the psychiatric profession. Before Roe v. Wade in , abortion was a crime in many states. We are far from living in a fair and equal world, but it is decidedly fairer and more equal than it was in and much of that is due to boomers. We voted. We marched—at our schools and in our hometowns, and after piling into beat-up old cars and driving through the night to Washington.
We agitated and demonstrated. Sometimes we paid a heavy price—people went to jail, and at Kent State University in , students were killed by the National Guard. Today, there is at least some measure of indignation when we see unfairness. And there is redress, both legally and in public shaming. We have not eliminated bias, but we have delegitimized it.
Millennials face some very serious environmental issues—the two warmest years in history are and ; there are billion pounds of plastic garbage floating in our oceans; and an estimated species go extinct every single day.
Very little is being done about it because of politics. But we had some pollution issues of our own. On June 22, , the Cuyahoga River, a nasty, black, oozing, bubbly waterway that wound through Cleveland, caught on fire. Really on fire, with huge, billowing plumes of smoke. According to Smithsonian magazine, it had caught on fire a dozen times before. Air pollution caused by cars in American cities was so bad that pedestrians wore gas masks. Visibility would sometimes drop to two blocks. According to journalist Rian Dundon, they called L.
Los Angeles "Smell-A. Of course, it could have been worse. In five days in , 4, people in London died from smog caused by coal used to heat homes. It was common for factories to simply dump waste onto the ground or into waterways. They built a school. In Athens, Georgia, barrels of radium waste from an old watch factory it was used to make the watch hands and numerals glow in the dark sat rusting in an unfenced yard behind the closed factory. Many of the women who'd worked there died from jaw cancer caused by licking their paint brushes to make the tips sharp.
In all, 40, sites across America were identified as dumping grounds, 1, of which were considered priorities. And before , the accepted way to get rid of the nuclear waste from power plants was to just take it out into the ocean and throw it over the side of the boat. In , scientists found that huge holes were appearing in the ozone layer, the part of the atmosphere that protects us from solar radiation.
Today, people fish in the Cuyahoga River. According to the Environmental Protection Agency EPA , "Between and , the combined emissions of six key [air] pollutants dropped by 74 percent, while the U. Many of the most polluted dump sites have been cleaned up, and there's no more ocean dumping of nuclear waste. In , the "hole" in the ozone layer was the smallest ever measured. For the current study, researchers looked at people between the ages of 13 and 77 who had completed interviews about their work, personality, and family lives, which psychologists and psychiatrists then analyzed and ranked on a scale from 1 to 5, with 5 having the most narcissistic traits like defensiveness, authoritativeness, and stubbornness.
The researchers used "hypersensitivity" to determine a person's level of defensiveness, which William Chopik, a social-personality psychologist at Michigan State and a co-author of the study, said they defined as being unreceptive to others' feedback and lashing out at any criticism toward one's self.
This suggests the millennial generation , which includes people who are currently between 23 and 38 years old, is less sensitive than the baby boomer generation, which includes people between the ages of 55 and Generally speaking, as individuals in the study got older, they became less sensitive and the researchers found hypersensitivity sharply declined after a person turned But when the researchers looked at generation-specific trends, they noticed that overall, older generations were more sensitive than younger generations.
According to Chopik, this could be due to generation-specific events that shaped study participants' outlooks on life. In the United States, for example, "baby boomers may be more narcissistic than other generations because they grew up in a time when the government provided privileges like social security," Chopik said, noting that the increase in narcissistic traits between boomers and younger generations is still relatively small.
There were some caveats to the study.
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