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1、THE NEXT GENERATION WORKFORCEand its implicationsGeorge Lai27 Oct 2019 Shanghai,China1.The Baby Boomers,Gen X,Gen Y(Millennials)and Gen Z2.How Gen X,Y and Z Are-and Arent Different3.What Gen Y(Millennials)want from work4.Building your workforce of tomorrowB-BXYBaby BoomersGen XGen Y(Millennials)Gen
2、Z(Post-Millennials)Pre-Baby BoomersGen Y became the largest generation in the labor force in 2016(US)The GenerationsBaby Boomers 1946-1964Gen X1965-1980Gen Y1981-2000Gen Z 2000 By 2017,there were around 600 million Millennials in the Asia-Pacific region including 200 million in South East Asia Baby
3、Boomers were retiring at a pace of 10,000 per day1The Baby Boomers,Gen X,Gen Y and Gen ZBaby Boomers 1946-1964Brought up in a healthy post-war economy Lifestyle is to live-for-work,high level of dedication and work ethicsPrefer face-to-face communication and interactive teamsOften branded workaholic
4、s leaving little to work-life balanceLoyal to their organizations,enjoy the notion of life-time employment and prefer to be valued or neededGen X 1965-1980Born after WWII(the term was noted by photographer Robert Capa in early 1950s)Brought up more independent,resilient and adaptablePrefer freedom t
5、o manage their work and tasks their own wayMore comfortable questioning authorityThe Generations1The Baby Boomers,Gen X,Gen Y and Gen ZGen Y(Millennials)1981-2000Referred to as the“Millennials”.Raised during the good time or empowerment yearsFirst generation to grow up with computers and the interne
6、tEnjoy a work life balance,akin to Gen X,and prefer to work with bright and creative peopleParticipative as opposed to directive,enjoy multi-tasking and are goal orientedConsidered the most educated and self-aware generation in employment but were not considered to be team players and have an attitu