Think Gen-Y is the problem? Think again. Baby Boomers are the real threat to workplace stability! - Succession Plus

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Think Gen-Y is the problem? Think again. Baby Boomers are the real threat to workplace stability!

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Think Gen-Y is the problem? Think again. Baby Boomers are the real threat to workplace stability!

By , July 9, 2011

Generation Y is often portrayed as difficult to deal with, overly-demanding and the bane of a manager’s life. Yet, according to new research by Leadership Management Australasia (LMA), Gen-Y is looked upon favourably by most workplace leaders and employees across generations.

Among 14 L.E.A.D. Survey questions, participants were asked which generation they would prefer to work with and which generation they would prefer to report to in the future.

Only 4% of both Gen-X and Gen-Y chose Baby Boomers in the “Work With” question with 14% and 8% respectively nominating Baby Boomers in the Report question.

Those findings:

In the future, to work with –
•ONLY 17% of Baby Boomers prefer their own generation, 40% prefer Gen-X, 27% Gen-Y
•57% of Gen-X prefer their own generation, 32% Gen-Y, 4% Baby Boomers
•53% of Gen-Y prefer their own generation, 29% Gen-X, 4% Baby Boomers

In the future, to report to–
•41% of Baby Boomers prefer their own generation, 33% Gen-X, 5% Gen-Y
•71% of Gen-X prefer their own generation, 14% Baby Boomers, 6% Gen-Y
•50% of Gen-Y prefer Gen-X, 24% their own generation, 8% to Baby Boomers

(Remaining percentages in all categories covered Gen-Z and declarations “not to work with or report to anyone else”.)

The results are weighted to reflect the latest Australian Bureau of Statistics Labour Force data (2011): Pre-boomers (born before 1945) – 2%; Baby-boomers (born 1945-1962) – 26%; Generation X (born 1963-1980) – 39%; Generation Y (born 1981-1995) – 32%; Generation Z (born 1996 or later) – less than 1%.

Craig West

Craig West

Managing Director | Succession Plus

Craig West is a strategic accountant who has over 20 years’ experience advising business owners. His background as a CPA in public practice, provided invaluable experience in the key issues of concern to business owners. Following 6 years of study to gain two masters degrees, Craig focused on Capital Gains Tax (CGT) for business sales advising on strategic management of tax issues. This experience formed a very strong view that business owners (and often their advisers) were unprepared and unaware of the steps required to prepare a business for exit.

Craig now acts as a strategic mentor for mid-market business owners and has written four critically acclaimed books on employee incentives, succession planning, asset protection and exit strategies. Craig has conducted numerous seminars and keynote presentations throughout Australia & internationally, including adviser education programs for the Institute of Chartered Accountants and CPA Australia.