It’s no secret that the Millennial Generation – or Gen Y – born in the early 80’s through the late 90’s will surpass the Baby Boomer Generation in numbers sooner than later. The Gen Y’s are deep in our workforce and are now holding significant leadership roles in a variety of industries.
I’m just going to come right out and say it: I think the younger generations get it. I know, I know there have been countless articles written about the generation divide, the Boomers versus Millennial debates, but I’m going to add one more to the mix. I’m not going to bash the idealism of the younger crowd, in fact, I embrace it and I encourage you to open your mind and put yourself in their shoes for a bit.
For the first time in history, four generations are working side-by-side in the workforce, including the Traditionalists, Baby Boomers, Gen Xers and Gen Ys (or the much talked about Millennial Generation) and it’s expected that number could rise to five generations by 2020. Many current leaders are on the brink of retiring in record numbers, and it’s estimated that around 66% of all U.S. businesses are owned by Baby Boomers.