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A recent workplace study looked at the differences and similarities between baby boomers and millennials. The research found 12 surprising things about how these two generations act and think at work. It gives us a new understanding of how they interact and see things in their professional lives.
The aim is to help these two important generations understand each other better, not to create more division. As you read on, you might find some surprises and hopefully see your coworkers from a different generation in a new light.
91% of millennials responded saying they perceive baby boomers as loyal to their employers.
Despite the perception of loyalty, 75% of baby boomers said they would consider leaving their current job for a better paying one.
Plans to Leave
Nearly 39% of baby boomers said that they are planning to leave their current job within the next six months.
Faith in Employers
Baby boomers have more faith in companies’ loyalty to their employees, with 60% agreeing to this sentiment, compared to only 40% of millennials.
Feeling Held Back
30% of millennials surveyed said that they feel they are being held back at work by an older colleague.
Quitting Because of an Older Colleague
A quarter of millennials said they have quit their job due to an older boss, manager, or colleague.
Quitting Because of a Younger Colleague
Surprisingly, 36% of baby boomers said they have quit their job because of a millennial boss, manager, or colleague.
More than half (52%) of baby boomers said they have experienced age discrimination in the workplace.
Job Turnover Among Millennials
Job turnover is quite high among millennials. About 21% have changed jobs within a year, and only 28% plan to stay with their current company for more than 5 years. This high turnover rate costs the US economy around $30.5 billion per year.
Work Ethic Among Millennials
Contrary to some stereotypes, many millennials work hard. Approximately 73% work more than 40 hours per week, and 26% hold two or more jobs.
Points of Annoyance
Baby boomers are most annoyed by millennials’ smartphone use (48%), sense of entitlement (41%), and perceived laziness (35%). Millennials, on the other hand, are irked by their older colleagues’ “know it all” personalities (52%), sense of entitlement (47%), and egos (34%).
Despite their differences, millennials admire the dependability (42%), punctuality (41%), and attention to detail (26%) of their boomer colleagues. In turn, boomers appreciate the positivity (34%), problem-solving skills (32%), and accountability (24%) of their millennial counterparts.
Retirement Plans of Millennials
Many millennials aspire to retire early, with 43% planning to retire before the age of 65.