The twentieth-century workplace meets the twenty-first-century workforce in this examination of the mashup between Boomer employers and Millennial employees that Jim Finkelstein and Mary Gavin say will ignite the full power of the creative economy.
Twenty-first-century business requires the skill and experience of Boomer managers and CEOs, but also the “technosmarts,” wide-ranging creative thinking, and consensus-based work style of Millennials, the 80 million Americans born between 1975 and 1995. But while 64 million skilled Boomers will retire by the end of the decade, the Millennials set to replace them are finding corporate life alien to them, resulting in an 80 percent job-dissatisfaction rate, the authors write; the high rate of turnover costs businesses about $75k per incident.
Millennials are different from other generations in their attitudes, work styles, ability to take risks, and the ways in which they process information and are motivated. “They do not perceive boundaries of time, space, age, gender, race, ownership, or country of origin,” say the authors, and the failure to take these differences into consideration will be costly to American business. read more>>