With people living and working longer, companies are challenged to manage the different needs of this complex and diverse employee mix. A workforce made up of everyone from recent college graduates to experienced employees working past the typical retirement age presents a unique challenge for managers because work styles and perspectives can vary by generation.
Savvy organizations will look for human capital management solutions that allow them to manage the strengths, weaknesses, needs, and personalities of all employees, no matter which generation they are a part of, to elicit the best performance and results. And now is the time for organizations to develop strong managers who can effectively manage this diversity and nurture their most valuable business asset.
For example, making accommodations to keep older workers in the workforce will retain their leadership skills and vast institutional knowledge. At the same time, Millennials and Generation Z have grown up in a world transformed by technology and they approach work differently.
Managing the needs of the multi-generational workforce can be achieved only with an effective HCM strategy. Leveraging mobile technology to optimize communication, offering flexible working hours with automated scheduling, controlling the cost of absence, and gaining true visibility into the workforce will help managers meet the challenges of managing multiple generations.
Learn more about HCM strategies for employee well-being and using analytics for workforce insights.