This website uses cookies to ensure you have the best experience. Learn more

Baby Boomers Effect On Generation X Andy

938 words - 4 pages

Michael Nix December 12, 2008
Economics Professor Hamilton
Baby boomers effect on generation X and Y
During the next five to 10 years, millions of baby boomers will be retiring, essentially heading for the exits en masse. This exodus will create a demographically driven worker shortage that will put the power back into the hands of the job seekers. That means that today’s workers will eventually be able to say good-bye to static or shrinking paychecks, and that today’s unemployed can look for an end to all that pavement pounding.
Peter Cappelli, a management professor and the director of the Center for Human Resources at The Wharton School, conducted research that ...view middle of the document...

Yes, there’s the potential for a lot of people to retire all at once, but there have been few cases where it actually happens adding that the auto industry and government agencies are the most likely sectors to experience widespread retirements. In that scenario, Cappelli says the most pressing issue won’t necessarily be finding workers as much as preserving the knowledge of those who are leaving. "Organizations should be examining now if they have the capability to retain some of the knowledge," he says. "If they are paying any kind of attention, they should be able to do that. In short, don’t look for tomorrow’s population trends to provide a solution to today’s unemployment problem. "Demographics, which change slowly and predictably, aren’t going to cause a labor shortage, Cappelli says.
The employment boom that occurred in the late ’90s was in actuality a retention issue in disguise. "A couple of years ago, all sorts of companies were hiring like crazy and weren’t able to meet their business demands."The thought was that the problem was an inability to find enough people, but companies were losing people out the backdoor as quickly as they were hiring in the front door.
Ironically, Information Technology is one of the professions that historically has been most at the mercy of demographics because employers have focused on hiring people right out of college. So if Cappelli’s theory is right, is there any hope for a rebound in Information Technology employment? Unfortunately, the answer isn’t clear-cut. In light of the trend toward the global outsourcing of IT work, companies may not believe the need to fret about retaining skilled workers because the pool of available labor is now a worldwide one.
"The...

Other Papers Like Baby Boomers Effect on Generation X Andy

Communication Essay

1371 words - 6 pages updates 5. Take advocacy action 6. Share stories or testimonies 7. Comment & engage on social media, web-site Section II. Communication Platforms Communication Channels, Target Audience & Message Frequency 1. Website Articles * New article once a week (see Section III for messaging topics) * Target audience includes: i. Baby Boomers ii. Gen-X iii

Edward Scissorhands Essay

832 words - 4 pages Filipino culture has used this parenting style more on Generation Z and Y as compared to Generation X and the Baby Boomers. In the Indian culture, from Generation Z to Generation X, the numbers have stayed steady where it then decreases by 1 at the Baby Boomers Generation. The Australian culture however, dominates the Generation Z, Generation Y and Baby Boomers, with using the Authoritative Parenting style as the most common. Surprisingly

Effects of Generation Gap in Working Environment

3774 words - 16 pages comfort level [ (Yu & Miller, 2003) ]. In actual fact, baby boomers prefer a more stable job environment [ (Yu & Miller, 2005) ]. When Baby Boomers especially those with managerial position stays for a long period with the organization, the younger generation feels that they want to hold on to the position and not willing to give up the position to Generation X even when they reaches the retirement age. However, these Baby Boomers feels

Parenting Practices

521 words - 3 pages . Parents had secure jobs and were optimistic about their future. World views were shaped by the Korean War. Some of the characteristics of the baby boomer generation are: Have the buy now pay later mentality, rebellious, moved away from extended families, identify with their jobs, and are driven and dedicated. Generation X 1961-1981 Generation X was a reactive type generation. Parents were not family centered, they worked a lot and many were

Baby Boomer Generation

2111 words - 9 pages and prefer hands-on experiences. However, they are not great at multitasking. They have never developed multitasking skills because they did not need them growing up. Technology is a huge issue for them because, in general, they are not very tech savvy. Their view of the younger generation in the workforce is that they are scattered and lack attention to detail. Perceptions of Baby Boomers of the younger generations * No work ethic

Student Loans, Debt, and Retirement

1018 words - 5 pages Student Loans, Debt, and Retirement Letter the Editor on Student loans, Debt, and Retirement I am writing in response to an article written by Mason Braswell’s “Generation W(on’t be Able to Retire” featured in On Wall Street. It is clear that generation “X” will face a new set of challenges with their future plans of retirement. The large amount of student debt they accumulate will have worse affect’s on their financial future’s than the

Generation All About Me: George Orwell

1980 words - 8 pages Millennials. Before Generation Y, the largest generation was the Baby Boomers, who were born 1946 to 1964. Now Generation Y “[is] the largest generation in America’s history, and they want to make a contribution” (Rainer & Rainer 7). Having the largest generation will automatically make them out of the ordinary and make people be on the watch out for them. The world has never seen a generation like Generation Y; they are changing social customs every day

Babu Boomers

1013 words - 5 pages . TENACITY 9. TECHNOLOGICAL SAVY 10. LACK OF SKILLS FOR DEALING WITH DIFFICULT PEOPLE 11. MULTITASKING 12. NEED FLEXIBILITY | 1. CONFIDENCE 2. SOCIABILITY 3. MORALITY 4. STREET SMARTS 5. heavily digitally oriented 6. high interaction with technology 7. greater use of 8. social media 9. GLOBAL MINDSET, 10. LOCAL REALITY 11. INFINITE DIVERSITY 12. MULTITASKING 13. NEED FLEXIBILITY | | Baby Boomers | Generation X

Lord

8975 words - 36 pages Generation, Baby Boomers, Generation X, Generation Y, and Generation Z. When a marketer factors in the different characteristics and behaviors of the generations, it should be easier to build relationships, gain trust, and close business. [2, 3] As such, an understanding of multigenerational marketing is very important to the marketer. The purpose of this paper is to describe briefly the U.S. generations in terms of the times in which they

Echo Boomers

568 words - 3 pages Harrison Tran Worthington English 1A – 062 25 June 2013 Echo Boomers: A Literary Response The author’s purpose for writing this article was to explain the differences between the baby boomers and the echo boomers. The article also provided an in-depth explanation of echo boomers and their sense of identity. The article, The Echo Boomers, from 2005, describes and extrapolates the echo boomer generation, who are people whom were â

Generation X

829 words - 4 pages unambitious, underachievers, and lazy slackers who can only get McJobs. The media tells us that we are spoiled individuals who are afraid of commitment. The media also complains that we blame everything on the 'baby boomers' and other generations before us. I disagree with this accusation, because our generation is not the only generation to put blame on other generations. Every generation tends to blame the previous generation for the problems

Related Essays

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

4117 words - 17 pages workplace. Then the approach to finding balance between groups is to teach tolerance and encourage mutual understanding. Here is a brief description on characteristic of each generation (United Nations Joint Staff Pension Fund, 2013) and perception of other generations (from study Gursoy et al.(2008). 2.1 Characteristics of each generation : Baby Boomers (Born 1946-1964) | Generation X ( Born 1965-1980) | Generation Y , Millennials (Born 1981-2000

Literature Review: Shopping Preferences Amongst Generations X, Y, And Baby Boomers

709 words - 3 pages CHAPTER II LITERATURE REVIEW The purpose of this literature review was to determine shopping preferences among three different generations: Baby Boomers, Generation X, and Generation Y. Shopping preferences, store atmosphere, and store services were all examined. Shopping Preferences Among Generations Shaped by experiences during their formative years, individuals develop generational mindsets that are thought to be major factors in

Hcs 490 Demographic Paper

1430 words - 6 pages make a steady increase within the workforce from1946 to 1964, whereas the blue represents Generation X that began a dramatic descend with only a few peaks within the workforce until 1984, when Generation Y took over and is the Gold this shows an increase in the workforce slowly but the workforce numbers have never reached the height of Baby Boomers. In the chart above: the Generation X cohort is not able to provide a sufficient amount of

Baby Boomer Essay

1819 words - 8 pages final year of the Baby Boom), 4 million babies were born in the U.S. and in 1965, there was a significant drop to 3.76 million births. From 1965 on, there was a plunge in the number of births to a low of 3.14 million births in 1973, lower than any year’s births since 1945. From 1973 on, Generation X was nowhere near a populous as their parents. The total births rose to 3.6 million in 1980 and then 4.16 million in 1990. For 1990 on, the number of