A unique recruitment and retention challenge faced by current CEO's is that for the first time in history multiple generations work side by side. "Each group has its own distinct characteristics, values, and attitudes toward work, based on its generation's life experiences" (American Management Association, 2007, ¶ 2). For this discussion question respond to the following, supported by scholarly sources:
a. Define the generations as referenced by the American Management Association.
b. Talk about the motivations for each of these generations.
c. Research the challenges faced by employers in creating compensation/rewards programs that will satisfy all generations.
d. Discuss how the company you presently work for accomplishes this goal.
e. Recommend changes or improvements that your present company could make to their current practices.
American Management Association, (2007, January 27). Leading the four generations at work. Retrieved from http://www.amanet.org/training/articles/Leading-the-Four-Generations-at-Work.aspx
The silents are defined as the generation/workers, born in the years between 1925 and 1946. These individuals tend to be the most faithful and loyal workers within an organization, as well as the least likely to challenge authority, or change jobs before retirement. These individuals are highly motivated to be team players within an organization, which stems from the strong work ethic that most individuals within this era were taught by their parents. These individuals are also motivated to work until retirement, and to save a great portion of their income, due to the hard economic times that they have experienced. Baby boomers are ...
This solution describes generational differences in staff members.