From 17 to 70: what HR leaders really think of the 5-generation workforce
With daily news reports on the difficulties of managing five generations – according to Bloomberg, Millennial women are most likely to swear, and recently, analysts at Goldman Sachs declared that Gen Z will be more “influential” than Millennials – here at Sage People we conducted our own research to see what the global HR leadership community really has to say.
The ’17-70′ research, which polled 250 UK and US HR leaders on how they manage the different generations in their workforces, showed that the youngest and oldest workforce demographics create the greatest HR challenges. 48% of respondents cite Millennials as the most challenging, followed by Baby Boomers, which received over a third (34%) of total responses.
Other key headlines show companies struggling to optimize their management of the new and more complex five-generation workforce. Still, there is a fundamental lack of visibility in their HR management systems and data – a significant 42% of respondents admitted to having only a partial view of their workforce.
’17-70′ also revealed that, in a bid to combat the challenges presented by this increasingly diverse and multi-generational global workforce, more than half (52%) of HR leaders are hiring people scientists to improve their workforce visibility and understanding.
This backs up what we have been saying for a long time. The future of HR will be less about administration, and more about business intelligence, planning and strategy, securing the function of people management a place in the boardroom. Our research also correlates this strategic shift, and its good news for all who work in the industry.
To read more about the other key issues and trends emerging in HR, such as the digital skills gap, diversity, and the challenges of talent management for global organizations, we invite you to download a copy of our ’17-70′ research report and infographic here.