How Are You Poised to Begin Welcoming GenZ to Your Workplace?

How Are You Poised to Begin Welcoming GenZ to Your Workplace?

The generational changing of the guard is a fact of life as old as time. Young replaces old in responsibility, importance, control and culture. Outside of the family, the workplace is perhaps where this is seen most regularly by most people. And the transition is not always smooth. Baby boomers in their time were seen as ushering in a cultural shift. In today’s workplace, the clash of culture between boomers and millennials has been much discussed.

But this time around, some predict that there will be far less of a clash between millennials and the group just starting to enter the workplace: Generation Z. Various definitions exist, but most identify those that belong to this demographic as being born after 1995.

A blog for Deloitte titled “Generation Z will be welcomed” cites data suggesting that, “Millennials tend to have a broadly positive opinion of GenZ (those currently aged 18 or younger).” Deloitte research indicates that about 61 percent of millennials believe GenZ will have a positive impact in the workplace—67 percent of millennials in senior positions believe this will be the case; 70 percent of those in emerging markets agree. Deloitte posits that this is, “Maybe because of perceptions that they have strong information technology skills and the ability to think creatively.

This doesn’t mean that GenZ will be able to smoothly transition into an increasingly millennial-dominated business world. The post points out that millennials believe that GenZ will need to work on developing their “softer skills.” Millennials in senior positions, particularly—those most likely to be supervising their GenZ colleagues, “consider GenZ to be underprepared as regards professionalism and personal traits such as patient, maturity, and integrity.”

Nevertheless, while millennials see room to grow for GenZ, millennials appear ready and willing to welcome them with open arms and to begin showing their tech-savvy younger siblings the ropes.

Conflict can be healthy for companies, and there is certainly benefit to having different cultural points of view represented in an organization. For that reason, the conflicts — real or perceived — between boomers and millennials may not necessarily be a negative. Time will tell whether the anticipated collegiality between millennials and GenZ will be beneficial.

How are you poised to begin welcoming GenZ to your workplace? Be inclusive!

Shirley Engelmeier
Inclusion
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Shirley Engelmeier is the CEO & Founder of InclusionINC and Author of Inclusion: The New Competitive Business Advantage & Becoming an Inclusive Leader: ... Click for full bio

Most Read IRIS Articles of the Week: April 17-21

Most Read IRIS Articles of the Week: April 17-21

Here’s a look at the Top 11 Most Viewed Articles of the Week on IRIS.xyz, April 17-21, 2017 


Click the headline to read the full article.  Enjoy!


1. Market Keeping You up at Night? Look for the Right Hedge


Like so many others in the industry, I was wrong. For years, I was certain that the bull market was nearing its end. I thought the market was over-extended, and that, surely, the wild equities run was coming to an end. But everyone else was bullish, and perhaps rightfully so. And while I’ve watched equities continue on their spectacular rise, I do think now is the time (really!) to put a hedge in place. Here’s why. Here’s how. — Adam Patti

2. How to Manage Bond Market Pain and Seek the Gain When Rates Are Rising


The realities for fixed income investors have changed. How is this being reflected in markets? Bond investing has become increasingly difficult over the past decade. Markets have been heavily distorted by ultra-low interest rates and quantitative easing, as well as by extreme risk aversion in response to the global economic crisis and the eurozone debt crisis. — Nick Gartside

3. Seven Reasons You'll Fail as a Financial Advisor


Is being a financial advisor worth it? I am an optimistic person and I encourage other people to keep a positive mental attitude (shout-out to Napoleon Hill and W. Clement Stone). However, by taking a good, hard look at the negatives in life, we can successfully pivot towards the positive aspects that will help us achieve our goals. — James Pollard

4. The Secret to Turning Every Prospect into a Client


How do you treat one of your most valued, existing clients? Here’s a list of some things that come to mind. — Andrew Sobel

5. Why Do Clients Change Advisors?


According to many advisors I speak with, the only clients that leave are those who have died. And while attrition may not be a big problem in this industry, I have to assume that at least a few clients change advisors without doing so via the funeral home. — Julie Littlechild

6. Why You Should Focus on Getting Referral Sources


I was talking with an advisor last week about how to get into conversations about what he does. He was relaying the story of going jogging with a friend who could be a good client but is, more importantly, connected to a large network of people who fit this advisors ideal client description. — Stephen Wershing

7. How Big Picture Thinkers Seize More Opportunities in 7 Steps


Big picture thinkers are not unicorns - rare and mystical. And they were not born with the innate ability to think big. They do, however, pay attention to the broader landscape and take the time to think, analyze and evaluate. — Jill Houtman and Danny Domenighini

8. 5 Actions to Build Your Reputation


Your reputation is who you are and how you show up, Monday to Monday®.  Many of us take our image and reputation for granted.  Give careful thought to the kind of reputation that you would be proud of Monday to Monday® and that would resonate with your purpose and priorities. — Stacey Hanke

9. How Are You Poised to Begin Welcoming GenZ to Your Workplace?


The generational changing of the guard is a fact of life as old as time. Young replaces old in responsibility, importance, control and culture. Outside of the family, the workplace is perhaps where this is seen most regularly by most people. — Shirley Engelmeier

10. Are Price Objections REALLY Price Objections?


Next time you hear your prospects give you price objections, it’s not because of the price. The give price objections because they don’t know the full value proposition that they’d be paying for. And it’s not based on their need, or your features and functions. It’s based on the buying criteria they want to meet internally. — Sofia Carter

11. Understanding the Economic Value of Transition Deals


Last week we wrote about the economic rationale behind going independent vs. moving to another major firm as an employee. As a follow-up topic, we thought it prudent to analyze transition packages attached to big firm moves and peel back the layers of the onion to show the components of these deals. — Louis Diamond

Douglas Heikkinen
Perspective
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IRIS Founder and Producer of Perspective—a personal look at the industry, and notables who share what they’ve learned, regretted, won, lost and what continues to ... Click for full bio