Among each generation, there are stereotypes. These stereotypes bleed into the approach a company takes to hiring each generation. In this podcast, Gava Talent Solutions’ President Bill Armstrong walks through some of the biggest stereotypes for Generations X, Y and Z. He provides tips for effectively hiring from within the generations and the different values and needs you’ll see from generation to generation. Finally, Bill dives into their impact on hiring.
In this podcast you will learn more about the following.
- How recruiting is different by generation.
- The variances and characteristics of what candidates are looking for in a job.
- Difference in how to motivate and retain talent.
- Job expectations and priority by generation, relating to money, time, flexibility and remote work.
- The leadership ambitions by generation.
- The training expectations by generation.
- A generation’s preference for online or offline communication.
- The desire to fit in for each generation.
Anke Corbin, Podcast Host
Let’s set the stage and help our listeners understand what exactly we’re talking about here and the different time spans for each of these generations. And how many of these people are actually in the job market? What kind of impact are they really having right now?
Bill Armstrong, Featured Guest
When we are talking about these generations, the definitions we talk about (Baby Boomers, Gen X, Gen Y, and Gen Z) are more American. The term Baby Boomer refers to the increase in population when everybody came back from WW2 and settled down and got married and started having families. So, obviously the situation wasn’t the same in every country in the world.
But as we start talking about some of the differences in the generations – we particularly talk about the millennials and Gen Z – those things tend to cut across boundaries. We find a lot of similarities there, whether or not we are dealing with people in Asian Pacific countries, the United States or in Europe.
The Baby Boomers are transitioning into retirement. Then you have Generation X, which is usually defined as people born between 1965 and 1979. They are now the largest population in the United States, about 82 million people. They are now the second largest group in the workplace, about 33 million. Gen Xers are still out there working.
Generation Y, aka millennials, is the largest generation in the workforce. So when we say Gen Y or millennials we are talking about the same thing. They are born between 1980 and 1994. Currently, there are 35 million people that would fit in that category in the workforce.
And Generation Z, the newest generation that we talk about, are just beginning to enter the workforce. We’re talking about people born between 1995 and 2015. So now you have about 5 million Gen Zers and obviously that is just going to continue to grow…