man on phone taking notes GenXers are less likely to report having one or more promotions in thepast five years, and also less likely than their millennial peersto express commitment to their employer. (Photo:Shutterstock)

|

So much of the discourse about generations in recent years hasfocused on the contrast between baby boomers and millennials, butwhat about Generation X?

|

An analysis of more than 25,000 employment leadersby DDI, a global consulting firm, seemed to confirm widespreadperceptions that Generation X is the “forgotten generation.” Thosewho were born from the mid-60's to the late 70's were being passedup for promotions more than those younger and older than them.

|

Related: Gen X: The forgotten generation?

|

The data showed that in the past five years, 66 percent of GenXers reported receiving only one promotion or no promotion. Incontrast, 58 percent of boomers and 52 percent of millennialsreported the same thing.

|

Gen Xers are also slightly less likely to report satisfactionwith their career progress: 58 percent compared to 65 percent amongmillennials.

|

Based on their age (early 40's to mid 50's), Gen Xers should beat the point in their career where they are advancing near the topof the employment ladder. However, the fact that so many of theirelders are choosing to put off retirement and work into their 70's maybe preventing them from advancing.

|

The lack of career advancement is certainly not a reflection ofa lack of work ethic. Gen Xers in management roles oversee anaverage of seven people, compared to five among millennials.

|

Gen Xers are also less likely than their millennial peers toexpress commitment to their employer. While 43 percent ofmillennial leaders say they're considering other jobs, only 34percent of Gen Xers say they're on the hunt. Of course, that may bemore a reflection of age than; middle-aged people are also probablyless interested in moving to a new location than millennials, manyof whom are single and have a more flexible personal life.

|

The DDI report warns that employers are neglecting a valuableworkforce asset by overlooking Gen X. In contrast to baby boomers,Gen Xers are just as competent digitally as millennials.

|

The report recommends putting in place more objective hiringstandards to avoid unconscious favoring of younger workers. It alsostresses the need for companies to leverage the loyalty of middleaged employees by providing them more guidance on advancing theircareers.

|

Read more: 

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.