Generations in the Workplace: Does it Affect Employee Retention?
Date of Award
Leadership and Organizations
Master of Professional Studies
Leadership & Organizations
Baby Boomers; Characteristics of the generations; Generation X; Generations in the workplace; Millennials; Retention; Retention Strategies; Technology; Veterans
For the first time in history, companies have four generations of employees in the workplace, working for them at the same time. The generations include the Veterans, Baby Boomers, Generation X, and the Millennials. Differences in the generations abound due to social, political, and parental influences. Clashes are bound to occur due to these differences. It is imperative that companies discover what the generational differences are and try to meet the needs of each generation in order to keep turnover low. Companies that recognize what influences or motivates each generation of workers adds value and strength to the organization; happier employees means better employee retention which may reduce turnover costs such as advertising, recruiting, interviewing, and training.
Hale, Lisa, "Generations in the Workplace: Does it Affect Employee Retention?" (2010). Leadership and Organizations. 23.