The generational differences, however, also require employers to understand what motivates and concerns each generation. Relative to attracting and retaining employees, benefit packages are a major consideration for every worker, whether a Baby Boomer or Generation X, Y or Z. Gaining insights into the multi-generational workforce and to derive the most from the generational diversity is important for all executives.

The advantages of a multi-generational workforce

One of the greatest rewards gained from a multi-generational workforce is the opportunity to increase learning across employees of different generations. Baby Boomers, for example, have accumulated a wealth of historical market knowledge that a millennial has not. This knowledge and the related insights can be passed on to the younger generations, giving them greater perspective and the ability to be more effective in their roles. For their part, the younger generations have a familiarity and confidence using technology that many senior workers do not. millennials, in particular, regarded as digital natives, can be very effective mentors to Baby Boomers when it comes to mastering new platforms and technologies from Facebook, Instagram and LinkedIn to video conferencing and mobile apps.

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Gaining the most from your multi-generational workforce

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