Leveraging a Multigenerational Workforce to Enhance Business Performance
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Multigenerational Workforce

Leveraging a Multigenerational Workforce to Enhance Business Performance

/ Report

Significant age shifts in global workforces mean that businesses often have a mix of four—sometimes five—generations working together. A multigenerational workforce can improve business performance and productivity—but leaders must take proactive steps to build an age inclusive workplace.

Significant age shifts in global workforces mean that businesses often have a mix of four—sometimes five—generations working together. A multigenerational workforce can improve business performance and productivity—but leaders must take proactive steps to build an age inclusive workplace.

Trusted Insights for What’s Ahead®™

  • Data shows that a multigenerational workforce, if well managed, can bring substantial business benefits. These benefits include improved business productivity, innovation, employee engagement and retention, along with knowledgesharing,
    intergenerational learning, and collaboration. C-Suite leaders need to articulate the rationale for cultivating a multigenerational workforce by collecting data and evidence from across the organization and diverse functions, such as talent management and knowledge management.
  • Companies are likely to see five generations of workers, and in some cases, a wider age gap across their global workforce in the near future. By 2030, the two biggest cohorts of workers will be mature workers (over 55 years old) and Gen Z workers (those born between 1997 and 2012). Now is the time for companies to&

Authors

Camilla Andretta

Camilla Andretta Camilla Andretta

Former Research Associate, Human Capital Center, E…
The Conference Board

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Marion Devine

Marion Devine Marion Devine

Principal Researcher, Human Capital, Europe
The Conference Board

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