Premium Essay

Generation Y in the Workforce - Managerial Challenges

In: Business and Management

Submitted By kakahehe
Words 6795
Pages 28
Generation Y in the Workforce: Managerial Challenges
Justin Meier, Graduate Student Stephen F. Austin State University, USA Mitchell Crocker, Associate Professor of Management Stephen F. Austin State University, USA

ABSTRACT This paper takes a look at the next generation, Generation Y, as it enters the workforce. Nearly all Gen Y research to date focused on characteristics and features drawn from a population still in the midst of the educational system. This research specifically targets Gen Y’ers that have been in the workforce for a few years. Data collection incorporated current technologies such as the social networking website Facebook to invite age-appropriate respondents to participate in this study. Participants completed the survey instrument on-line using a link to Survey Monkey. The data analysis focuses on those workplace issues that act as motivators or de-motivators for this generation. GENERATION Y IN THE WORKFORCE: MANAGERIAL CHALLENGES Toward Understanding Gen Y. What defines a generation? Through the years a number of different things such as wars, discoveries, politics, beliefs, and popular culture have all helped shape and define generations. The characteristics attributed to an age-bound demographic are often reflections of the events occurring in the world around them. While agreement on a definition may be lacking, through a combination of thoughts and ideas, educators can agree on certain aspects of each generation. A generation can influence styles and trends in business, while learning from the mistakes and successes of the previous generations. There have been numerous studies on Generation Y and the impact that they may have in the business world, yet the thoughts and experiences of this generation as they have entered the work force are scarce. Now that Gen Ys are entering the workforce, the impact of their presence can actually be…...

Similar Documents

Free Essay

Generation Y

...Generation Y Local and International Media and Entertainment Choices Prepared for: Ms Nicole Lasky 10th June 2010 Mr Russ Henderson General Manager Sony Ltd Level 20, 2 Margaret Street Sydney NSW 2000 Dear Russ, Please find the enclosed research report regarding media choices of Australian and International living in Australia. If you need further information, please do not hesitate to contact me at 02-9975-4983. Sincerely yours, YT Marketing research LTD Table of Contents Executive Summary 1 Introduction 2 Research Objectives 2 Desktop Summary 3 Similarities between Local and International 5 Differences between Local and International 6 Methodology 7 Results 8 Similarities 9 Other similarities 9 Limitation 10 Conclusion 11 Recommendation 11 Appendices 12 Executive Summary Objectives The research objective is to understand the differences between Australian and International (live in Australia) Generation Y on media and entertainment choices. Results There are similarities between the groups of local and International Generation Y on media and entertainment choices. Internet is the primary media choice for both local and International. There were no significant differences on what websites the two groups visit. Local Generation Y tend to watch their favourite shows mainly from TV, they spend more time on watching TV than International. While International tend to watch the......

Words: 2910 - Pages: 12

Premium Essay

The Positive and Negative Effects of Generation Y in the Workplace

...The Positive and Negative Effects of Generation Y in the Workplace Abstract Chapter 1 INTRODUCTION Generation Y is the youngest workforce of this generation. They are born between the year 1981 and 2000 (1), and is described as the generation of “digital natives”, embracing technology as it is deemed innate to this generation's character. Generation Y is said to consume 1.7 Billion representing 25.5% of the world's population (Oxygens). Considering the vast population of this generation and the different skills, knowledge and successes they can contribute to the workplace, one cannot ignore the effects they bring, both positive and negative to the exisitng hierarchy in the workplace. In addition, the changes this generation bring to the organization will have a big impact to the company's the existing norms and practices, the immediate bosses and the top management who happens to be on either Veterans, Baby Boomers and/or Generation X. SIGNIFICANCE OF THE STUDY This section will provide the various significances of the study. To students. As part of the Generation Y, the proposed study provides the students with a source of knowledge on how their generation greatly affects the trend of workforce in the contemporary times. Also, this research will serve as a reference or guide for students...

Words: 570 - Pages: 3

Premium Essay

Teaching Generation Y Greener Practices

...Executive Summary Generation Y (Millenials); the second largest generation to inhabit our planet, is the most environmentally aware generation to date, yet they are also the most recklessly damaging force that our environment has ever faced. This report aims to (1) illustrate how this generation has been impacting our planet, (2) evaluate the educational system’s sustainability teachings, (3) give insight into the minds of Generation Y, and (4) explore alternative teaching methods applicable at the post secondary level which cater to this generation’s mindset. Primary and Secondary data gathered showed that society and the educational system did in fact produce a generation which is very well informed about today’s environmental issues, as well as how to do their part. Millennials were even found to have engrained instrumental values favoring sustainable behavior, though a massive gap exists between their preaching and their actions. This is seen in the findings of the studies referenced in this report, all of which clearly conclude that the Millennials’ concern for the environment is a superficial reflection of what they have been taught to believe, and is not something they believe in passionately enough to make concessions for. The “Generation Me” theory is used to explain why they continue on their destructive path despite fully understanding the consequences, attributing this to evidence that this generation is the most cold hearted and self centered generation......

Words: 2430 - Pages: 10

Premium Essay

Managerial Challenges

...Managerial challenges in implementing changes & Management skills required for dealing with such issues Regardless of the market the organisation is currently operating in, or how successful the company actually is or has been in the past, change is an inevitable factor of the company life cycle (Business Prototyping, 2014). Change is driven by both internal and external factors of the company in question; factors that are derived internally for the company could include the reposition into a new market, implementing a new business model for the company, contributing to a merger or acquisition, or expanding into a new market. Other factors that are external from the organisation include, market rivalry, demographic changes and new governmental regulations. All of these factors need to be carefully considered by the enterprise’s managerial staff in order for the inevitable change to have the lowest implemental challenges as possible. Anticipating these challenges and roadblocks will help the company avoid them before they become major issues in the change implementation. One of the main challenges to change is to firstly identify the change. Managers understand that change is constant, however it is important to determine the need and type of change necessary, either first or second order. First order change focuses heavily on strategies that support the general non-transformational activities. When change is implemented, this area of the organisation usually receives the......

Words: 550 - Pages: 3

Premium Essay

Leadership Style and Behavior Among Baby Boomers, Generation X and Generation Y

...BOOMERS, GENERATION X AND GENERATION Y By Nortini Isahak Table of Contents Page Introduction 2 1.0 Work Behavior Characteristic between Baby boomers, Generation X and Generation Y 1.1 Baby Boomers 3 1.2 Generation X 4 1.3 Generation Y 5 2.0 The Challenge 2.1 Characteristics of each generation 6 2.2 Perception of other generations 7 3.0 Leadership Styles for Different Generational Groups 9 4.0 Recommendation 11 Conclusion 13 References 14 ABSTRACT Generation Y (born 1981 and 2000) is young worker, Generation X (born 1965-1980) is middle generation and Baby Boomers (Born 1946-1964) is older employers. Usually young workers want to make a quick impact, the middle generation needs to believe in the mission, and older employees don’t like ambivalence. It is important organization to take time and build the trusting relationship where each generation brings ahead their potentials and works towards the organization goal. The leaders should recognize the different work characteristics between generational groups and apply leadership styles that will positively contribute to employee motivation. As a result, due to the shifting nature of the job/task itself and the changing nature of subordinate characteristics and behavior. Leadership styles have also had to make changes. Accordingly, a task-oriented leadership style is more acceptable to Baby boomers but Generation X and Generation Y prefer......

Words: 4093 - Pages: 17

Premium Essay

Generation Y

...My Article is about our generation and how we are so different from any other generation. We are called the millennial’s also known as generation Y, millennial’s are people born between 1980-2000. How many of you have heard your parents say that you are so lazy, my generation wasn’t like this, all you guys do is sit on your phones? Well they’re right we are the laziest generation. Some people say our self centeredness could bring about the end of civilization as we know it, but others say we are the new greatest generation. It has been proven that we are the most narcissistic generation. We all think we are so different and better then everyone else. Look at social media for example, half the time people post things just to make people jealous. We’ve all done it and we see nothing wrong with it. But we got this way partly because of how we were raised, in the 1970’s they wanted to increase kids self esteem so they would always tell us “you’re the best”, “you’re the only one who can do this”. This is good but after a certain age it should stop. David McCullough Jr, an English teacher gave a 12 minute reality check called “You are not special” it has almost 2 million hits on youtube. He said “Climb the mountain so you can see the world, not so they can see you”. Technology is obviously a huge part of our generation and it is what makes us so different. We lack the kind of empathy that allows us to feel concerned for others; we even have trouble intellectually understanding......

Words: 528 - Pages: 3

Premium Essay

Challenges in Today's Workforce

...There are many challenges facing working today. First you have to look at talent. Talent can mean several different things. Talent is what you know, what you learn and what you do with it. Competency is your capabilities while commitment is your willingness to work hard and achieve successes. Second challenge is technology. Technology is forever changing our world and how we think and deliver messages. Technology seems to change every day or at least as soon as something new comes out, there is another new update or better version right behind it. Technology keeps employers and employees on their toes with the updates and changes that are being implemented daily. Next is globalization. Globalization processes affect and are affected by business and work organization, economics, cultural resources and the environment. Job migration is also becoming more and more popular as companies are seeing it is possible to have someone overseas in a foreign country do the same work for less money than someone in the United States. Ethics is also a challenge that is facing our work today. Ethics is about doing what is right and good. More now than ever, employees are trying to get a “leg-up” on their fellow co-worker and will do anything to get that step ahead. Ethics is also integrity to me. It is how I conduct myself in a professional manner and doing the right thing. Diversity is probably the most challenging challenge that is facing the working world that we live in......

Words: 1330 - Pages: 6

Premium Essay

Aging Workforce Challenges

...Aging Workforce Challenges Stacy P Durham Southern New Hampshire University Abstract There seems to be many key issues that come along with an aging workforce. Not only do companies and management have to worry about losing qualified workers as they come into retirement age, they are finding out that the pool of qualified workers is getting smaller. Also, many of the retirement eligible workers are staying in the workforce. Management is forced to look at this aging population in a multitude of ways to figure out how to keep their own productivity and profitability on track. I will look at different thoughts about the aging workforce and how management can cope with the changing landscape. Keywords: aging workforce Aging Workforce Challenges Management is facing some key issues within their environment. Probably one of the most important and daunting is dealing with the aging workforce. “Workers over the age of 55 are an increasingly large portion of the workforce” (Robbins, S.P., & Judge, T.A., 2013, p. 41). With such a large pool of workers that are older, leaders are going to have to focus on different styles of management behaviors when dealing with the age gap. The percentage of workers over the age of 65 is increasing at an alarming rate. Due to waning economic security, longer life expectancy, and second careers, projections are that there will be 20 million workers over the age of 65 by the year 2017 (Perry, L.S., 2010, p. 22). ......

Words: 1051 - Pages: 5

Premium Essay

The Challenges of Generations Throughout History

...Anna Kimmet Mrs. Murphy Eng 1050 Sec. 13 Essay 1 The Challenges of Generations throughout history. History is marked with each generation having had to deal with their struggles in respect to social and economic development. In a book entitled Generation Debt, author Anya Kamenetz discusses some of the struggles that her generation is facing in an economic setting infinitely different from the one that her parents dealt with, merely one generation before her own. Kamenetz outlines how her generations struggles with retrospect to that of her parents and shows the impending graveness of what the future has to hold for future generations. The author defines “generation” as, people within a defined population that during a given time period experience the same important events. Kamenetz compares “human life stages as natural demarcations of growth, like the rings on a tree” (Kamenetz 329). Kamenetz also writes that social and economic structures also decide the divisions between infancy and old age. The author intentionally goes through chronologically and outlines the birth of the term childhood and its effect on people, socially and economically through the centuries. With this timeline given Kamenetz brings the concept of a new life stage forming as a result of the birth of childhood. This new life stage has forced children to go to school longer and seek additional education in order to obtain a job that really does not need further schooling to do. The......

Words: 894 - Pages: 4

Premium Essay

Benefits & Challenges of a Diverse Workforce

...Introduction As the U.S. workforce becomes increasingly diverse, this shift can imply changes in employee education, training, and management methods. These components make the discussion about diversity in the workplace a relevant topic that needs to be addressed by organizations and their leaders. This essay will evaluate the benefits and challenges a diverse workforce poses to an organization. Benefits of a Diverse Workforce The inclusion of a diverse workforce can offer an organization a broad range for service. “The opportunities arise from the number and variety of perspectives that can be used to solve problems and the external links that individuals provide to the group. The challenges come from the conflicting values and stereotypes that people often bring to the team” (Mayo, 1999). Mayo goes on to say that as the consumer market becomes increasingly diverse, it should be a priority for an organization to meet their customers’ needs. For example, by aggressively recruiting talented Hispanic employees, a company can better understand and improve upon their Hispanic business strategies. Since global markets are bringing new customers into the marketplace, adding diversity to a workforce can help meet the needs of this growing customer base. A second benefit of a diverse workforce is the idea that the group can develop more innovative and creative ways to solve problems. When a team represents a variety of perspectives, they can become highly productive......

Words: 1193 - Pages: 5

Premium Essay

Generation Y and Technology

...Past generations, such as the Baby Boomers and Generation X, have less understanding and connection to technology than Generation Y. The internet has become an indispensable tool which is often taken for granted. It is so common that it no longer is seen as the vast plane of information and exploration that it is; but, instead is used merely for gaming, TV, and social media. Dr. Sally Nimon describes the difference between generations well when she states that “to Baby Boomers […] and even Generation X‐ers […] phenomena such as mobile phones and the internet represent tools that can aid them in the performance of their daily lives; to Millennials there is evidence to suggest that they are as seamlessly woven into the fabric of their existence as the clothes they wear or the food they eat” (Nimon 24). Millennials have become so accustomed to technology that it no longer is an asset. To almost any member of Generation Y, a cell phone becomes an expectation at a certain age. When I was a kid, I felt left out when I didn’t have a cell phone and was considered cool as soon as I got one. Starting at a young age, technology governs our daily lives in even the smallest of ways. For Generation Y, this is natural. The specific dates that separate the Baby Boomers, Generation X, and Generation Y are not definite. They often differ by five to ten years depending on the author. For the sake of clarity, Baby Boomers will be defined “as those born between 1946 and 1964,” Generation X are...

Words: 3474 - Pages: 14

Premium Essay

Ethics with Four Generations in the Workforce

...and contrast ethical and moral systems. In addition, students apply creative and critical thinking to ethical dilemmas involving professional and social responsibility. Learning Outcomes Upon successfully completing this course, the student will be able to: 1. Evaluate case studies demonstrating actual moral dilemmas faced by managers and employees in diverse professions, such as technology, law, finance, and service 2. Assess ethical systems and issues specific to particular professional situations 3. Compare and contrast ethical and moral belief systems 4. Analyze the ways that professional and social ethical decision-making relates to employee motivation, employee selection, training, managerial authority, responsibility, and accountability 5. Apply ethical concepts in resolving social and professional dilemmas 6. Identify the intent and appearance of unethical or compromising practices and issues in relationships, actions, and communications in both professional and social situations. Issues may include confidentiality, conflict of interest, consumer rights, advocacy, copyright, and accountability. 7. Recognize the social and legal ramifications of unethical practices Required Textbooks and Additional Materials 0-618-74934-9 Business Ethics Ferrell, O. C. / Fraedrich, John / Ferrell, Linda 7TH 08 Houghton Mifflin Co. The new Tuition Refund......

Words: 3829 - Pages: 16

Premium Essay

Generation Y

...Resource Center (ARC) for concise APA guidelines. 1. Assume you have just started your own business and are ready to hire some employees. How could you use the ARDM model to guide your initial HR strategy? 2. The productivity of the workforce is essential for the success of an organization. What HRM activities and programs can impact productivity? 3. Historically HRM activities were developed and implemented by a department or functional unit. Today however, operating managers are often responsible for applying and modifying HRM tools and activities. Why has this change occurred? 4. Explain the reasons why today HRM is playing a larger role in an organization's strategy than it did 10 years ago. 5. HR processes are designed to acquire, reward, develop, and maintain/protect human resources. What are the desirable organizational end results of such processes? 6. Read Application Case 2.1: Gen Y Rocks the Business World in Chapter 2 and answer the following questions. a) What will organizations have to do to adapt to the influx of needed Generation Y individuals? b) Is Generation Y really that different than previous generations that entered the workforce in large numbers? Explain. c) Will Generation Y individuals have to make adjustments in their style, preferences, and interests to be successful in their careers? 7. Assume that you've started to expand your company's operations into India and China. This is the first time......

Words: 535 - Pages: 3

Free Essay

Hiring Generation Y Case Study

...Hiring Generation Y Hiring Generation Y Francesca LaRosa Empire State College Author Note This paper was prepared for Human Resource Management taught by Professor Kathleen Stallmer Hiring Generation Y Abstract With much of the Baby Boomer Generation already retired and the others on the verge of retirement (“64 million retiring by the end of the decade”, (Ivancevich & Konopaske, pg. 59)), Generation Y has become, not only a necessity, but also mandatory for the survival of most companies. Because of this, Generation Y’s know how significant and important they will be moving forward in the business world, and they are not afraid to ensure that the companies they work for know their importance as well. With that being said, it is vital for this company to make the changes necessary to survive and prosper in this changing climate. This Case Study will provide significant evidence and solutions to dealing with this current challenge. Hiring Generation Y Understanding Generation Ys is key to the success of a business in the 21st century. If we can understand Generation Ys, we can learn what motivates them and how they can be an asset to an organization; rather than being a challenge, we can find opportunity. Unlike the Generation Xs and the Baby Boomers, the Generation Ys have developed work characteristics and tendencies from doting parents, structured lives, and contact with diverse people. They are accustomed to working in groups and enjoy......

Words: 1166 - Pages: 5

Free Essay

Generation Y Recruit Case Study

...Module 1 Case Study November 22, 2015 Our Plan to Recruit Generation Y Employees Generation Y employees are a new breed of employees. This group of people are much different than the older generations of employees. In order to obtain successful recruitment, new strategies must come into effect. The Human Resource department needs to be well informed of Generation Y’s expectations and work ethics. They hold themselves to a different standard than previous generations have. Rather than external pressures, they have internal forces pushing them to perform. One of the major developments that separates Generation Y from any previous generation is the continued growth of technology. Their lifestyle revolves around technology. This can be both a positive and negative factor for us. Addressing the negative aspect, they can become a nuisance to the organization by misrepresenting themselves on social media. On a positive note, they can be more available to us and our clients through their mobile devices on an almost constant basis, and help us network and market our name. Generation Y are reticent. They have a lower power distance than Generation X. They consider upper management more their peers and are not afraid to make suggestions. As an organization and with our HR department, we must prepare ourselves and adapt to having this generation work for us. With the upcoming expected retirement of the baby boomer generation, we are faced with a deficit in our work force, there......

Words: 572 - Pages: 3