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Building on Collective Strength: Managing a multigenerational workforce during economic challenges

The research report explores the power of building on strengths of each generation of workforce in enhancing organizational performance.

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Type: Report

Use case: Enhancing organizational performance through collaboration

Target audience: Business leaders, HR professionals, Organizational development experts

Did you
know?

A company’s ability to build a future-ready workforce relies on effectively combining the strengths of different generations in the workplace.

Key takeaways

Harnessing the unique skills, perspectives, and experiences of Generation X, Generation Y, and Generation Z is going to be a key driving factor in the company's overall success.

The proactive and trusting attitudes of Generation X and Generation Y can assist newcomers in developing confidence and aligning with the company's objectives more quickly.

Generation Z can be assigned to projects with significant stakes that require a fresh intellectual approach owing to their high-risk tolerance.

What’s inside

An overview

More than 83% of organizations are concentrating on their growth strategies despite facing various economic and workplace challenges. To implement these growth strategies, companies must focus on increasing workforce productivity. Today, Generation X constitute 35.5% of the workforce and Millennials 39.4%. By 2030, Generation Z will constitute about 30% of the workforce. Managing a multigenerational workforce and placing them in the right roles is key to unlocking the potential of your people.

Mercer | Mettl We examined the assessment data of over 1,600 professionals to gain insights into the personality traits of the current workforce, which includes Gen X (born 1965–1980), Gen Y or Millennials (born 1981–1996), and Gen Z (born 1997–2012).

What you will learn

Mercer | Mettl conducted an in-depth analysis of the data to identify the key personality traits of each generation across four factors contributing to workforce performance- self, people, lead and goal. This understanding aids companies in building a resilient workforce that can navigate unforeseen changes and is set for success.

Sneak Peek

The report offers key recommendations that organizations can implement right away to leverage the strengths of each generation in the workplace and enhance overall impact.

Key findings from the report:

  • Gen X is characterized by stability and a strong sense of trust
  • Gen Y, or Millennials, are versatile individuals with fewer weaknesses, serving as a bridge between Gen X and Gen Z
  • Gen Z is known for their innovation and influence, capable of achieving results when provided with the right guidance

Written by

Niyaatii Swami is General Manager: Product and Solutions Marketing at Mercer | Mettl. She specializes in Product Marketing, Go-to-market strategies and strategic communications. She has worked in the HR solutions space for the most part of her career and has build a thorough understanding of the industry.

- Niyaatii Swami

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