A multigenerational workforce is a characteristic that describes a team of employees composed of members stemming from multiple generational cohorts.
What Are the Benefits of a Multigenerational Workforce?
A multigenerational workforce brings value to an organization in multiple ways. Common benefits include:
- Multiplying perspectives to support innovation;
- Providing learning and mentoring opportunities;
- Promoting knowledge transfer opportunities;
- Improving employee retention.
How to Effectively Manage a Multigenerational Workforce?
Common tips to effectively manage a multigenerational workforce include:
- Creating a space for open dialogue between team members;
- Setting clear expectations;
- Providing flexibility to the employees;
- Giving specific and regular feedback;
- Avoiding age-related bias and stereotypes;
- Adapting the communication channels;
- Implementing processes to share and transfer knowledge;
- Providing professional development opportunities;
- Educating employees on the positive effects and challenges of multigenerational workforces;
- Promoting respect as the core value underlying all interactions in the company.
What Are Examples of Challenges Faced by Multigenerational Workforces?
Common challenges faced by multigenerational workforces include:
- Communication issues;
- Negatives stereotypes;