We have all listened to the statistics that show the dropout rate for younger generations in the workforce. Many people do not realize that the Millennials are the ones making a difference in the statistics. Alexander Djerassi, a diplomat, hopes every Millennial is prepared and enabled to be a productive member of the economy. The largest generation in the workforce is the Baby Boomers. Here are some interesting facts that show just how the Baby Boomers are leaving the workforce today.
They were highly motivated and worked hard, earning an average of over 65 years for their age. When the market hit its lowest point during the recession, the Baby Boomers did not quit working until the markets recovered. They pushed the economy to grow and helped it to remain strong during the worst economic crisis since the Great Depression. Today, they are the most laid-off generation in the workforce.
The second most aged generation in the workforce is the gen x population. Gen Xers started coming into the workforce when the Baby Boomers were starting to reach retirement age. Gen Xers are the ones who are not satisfied with the traditional type of jobs that they have. They tend to be more independent, creativity-oriented, and caring. This is why the Baby Boomers are the most likely to find themselves without a job within the last five years.
Generation y is the largest generation to enter the workforce since the Baby Boomers. Generation y is the “me generation.” it is the first generation to grow up without the luxury of an iPod or other media device. Baby Boomers are also more likely to stress their age, with more severe diseases, such as arthritis. People in this generation are also less engaged at work than any other generation.
The third group most likely to be affected by people changing jobs is the “generation gap” generation. This is the group that was born during the baby boomer generation but who are now older. The Baby Boomers were raised and lived in a time when jobs were not easily outsourced. Companies had to fight for the right to hire a person from overseas, and even then, it was not often the cheapest labor around. Because of the generation gap, these people are more likely to feel the stress of being overqualified for the position they want, and they are less engaged at work than other generations.
The fourth group most likely to be affected by people changing jobs is the “new people.” This is the group of young people born since the dawn of the computer and internet. These young people are considered the new workforce because they are more tech-savvy than others. They have learned how to use the technology needed to get connected to the world around them. If these workers are not trained to be good employees, they will be less engaged.
The last group most likely to be affected by people changing jobs is the “recycled people.” This is the group of older workers who were laid off when companies re-organized. They were able to keep their familiarity with the workplace and the way it works by working in the same place longer than others might, but they are not good workers.
This group can be a good fit for jobs where the work is still relevant to them at least part of the time. They also have the benefit of not being expensive as the recruits. It might take some time to transition from working in the same place to working in a new industry or a different city. This is why the company needs to make sure the new worker feels like he or she is part of the team. A good hiring manager will put the individual into a work environment that helps him or her to identify with others who have been successful. Alexander Djerassi understands the role Millennials have in the workforce.