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CFO Offsite Meeting May 2010

Generations Meet in the Workplace

Iceberg

The Reality
There are four generations of employees represented in the U.S. workforce Are we prepared for working in a multigen environment? The ability to recognize and bridge generation gaps can create a powerful competitive advantage

Learning Objectives
Identify characteristics of the four generations in the workplace Recognize issues and situations that may be influenced by generational differences Apply practical tips for working successfully in a multigenerational workplace

What is a Generation?
A generation is defined as a group of people born and living about the same time. Within each generation, members share values, behaviors, and work ethics Shaped by economic, social, and political climates of that age

Four Generations in the Workplace


4 Generations Traditionalists Baby Boomers Generation X Generation Y Birth Years 1925-1942 1943-1960 1961-1981 1982-2002

Four Generations - Bayer Corp.


4 Generations Traditionalists Baby Boomers Generation X Generation Y Birth Years # EE 1925-1942 2 1943-1960 101 1961-1981 114 1982 2002 17

Bayer Corporation
Demographics
Four Generations- Bayer Corp.
(17) (2)

7.30%

0.8%

(101)

Traditionalists 1925-1942 Baby Boomers 1943-1960

43.20%
Generation X 1961-1981
(114)

Generation Y 1982-2002

48.70%

Total of 234 Employees

Exercise 1
Divide into the 4 generational co-horts at the labeled flip charts Answer questions Capture on Flipchart Select Scribe and Reporter Time: 10-minutes

Debrief - Exercise 1
How are our perceptions formed? Perceptions can manifest in generalizations How do our perceptions become generalizations? Generalizations can manifest in stereotyping How do our generalizations become stereotypes?
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Generational Recap
Feedback & Communication Styles Work Processes & Technology Focus Work Motivation & Rewards (work/life balance) Business Etiquette Dress & Grooming Authority, Leadership and Hierarchy Views about what is or is not respectful
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Traditionalists 1925-1942
Work style and values Respect for rules, hierarchy and authority Dedication; hard work Loyalty Sacrifice Duty before fun Value tradition
12

Baby Boomers 1943-1960


Work style and values Work is a priority Optimistic Personal fulfillment Competitive Strong professional networks Value meaning
13

Generation X 1961-1981
Work style and values Self-reliance Desire flexibility Skepticism Technology Informal Value Balance (work/life)
14

Generation Y 1982-2002
Work style and values Fast paced (multi-tasking/multimedia) Tenacity/Directness Entrepreneurial Global diversity (people/perspectives/access) Technology savvy Value fun
15

Exercise 2
Divide back into the 4 generational co-horts at the labeled flip charts Answer questions and flipchart capture Select Scribe and Reporter Time: 10-minutes

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M.E.E.T. Model
M Make time to discuss E Explore differences E Encourage respect T Take responsibility * Refer to model in handout

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Vignette 1
Out With the Old and in with the New Observe and record generational characteristics in first scenario How did Alex and Justin use M.E.E.T in the second scenario?
18

Vignette 2
You Call That a Presentation Observe and record generational characteristics in first scenario How did Nick and Velma use M.E.E.T in the second scenario?
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Vignette 3
Do I Have to Spell it Out? Observe and record generational characteristics in first scenario How did Mark and Britney use M.E.E.T in the second scenario?
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Generations at a Glance
Generation Traditionalists Born Between 1925-1942 Characteristics Stereotyped As
Hardworking; Dedicated; Respectful of rules and authority; Conservative Youthful self identity; Optimistic; Team player; Competitive Balanced (work/life quality); Self-reliant; Pragmatic Fast pace/Multitasking; Fun-seeking; Technology savvy Old-fashioned; Behind the times; Rigid/Autocratic; Change/Risk averse Self-centered; Unrealistic; Political; Power-driven; Workaholic Slackers; Selfish; Impatient; Cynical

Baby Boomers

1943-1960

Generation X

1961-1981

Generation Y

1982-2002

Short attention span; Spoiled and disrespectful; Technology dependent 21

Thank you!!
Generations Meet in the Workplace