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Source: Partner’s Report—the Monthly Update for CPA Firm Owners
The following chart is reprinted with permission from this publication:
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Sidebar: Generations Comparison Chart |
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Traditionalists |
Baby Boomers |
Generation X |
Millennials |
|
Year born |
1900-1944 |
1945-1964 |
1965-1980 |
1981-2004 |
|
|
|
|
|
|
|
Workforce |
13% |
48% |
33% |
6% |
|
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|
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Personal characteristics |
Loyal |
Idealistic |
Skeptical |
Positive |
|
|
Conservative |
Question authority |
Independent |
Cooperative |
|
|
Self-sacrificing |
Competitive |
Distrust of institutions |
Respect for authority |
|
|
Disciplined |
Personal gratification |
Instant gratification |
Multitasking |
|
|
Less technologically oriented |
|
Entrepren-
eurial |
Highly motivated |
|
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|
|
|
|
|
Work styles |
Strong work ethic |
High personal expectations Democratic workplace |
Willing to transfer jobs and companies Balance personal life and work |
Seek immediate feedback; like to be asked for input; like teamwork |
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|
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Management styles |
Top down Management |
Consensus management; Micromanage |
Based on competence |
Inclusive |
|
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|
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Motivators |
Quiet feedback Value their experience |
Perks
Titles
Value their importance
Value their uniqueness |
More control of time
Individual recognition
Challenge
& flexibility |
Value hard-working coworkers Appreciate concrete, specific recognition |
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Communications |
Positive, direct approach |
Direct orders Strong need for “process” |
Want to be heard |
Direct |
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Lifestyle |
Work hard
Save money |
Work hard, play hard, spend hard |
Work hard
if it doesn’t interfere
with
personal life;
Save money |
Save money |
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(Source: The Longview Group) |
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From Partner’s Report—the Monthly Update for CPA Firm Owners, August 2005, p. 1. For subscription information contact Institute of Management & Administration, Inc., 3 Park Avenue, 30th Floor, New York, NY 10016-5902. One-year subscription $329. 212-244-0360, [email protected]. For the complete article click here. |
