HRO Today April 2019 - 35

Workforce Management
By 2028, millennials
and Gen Z will comprise
58% of the workforce,
baby boomers will drop to
13%, and Generation
Xers will make up the
remaining
29%.
recognized for being tech savvy, which is integral to
their approaches to work. Second, and as important,
this cohort of leaders has a healthy skepticism about
depending wholeheartedly on their employers.
While earlier generations tended to rely on a company to
address their future needs, millennials and Gen Z had a
front-row seat as work contracts were broken and their
parents and neighbors braved fi nancial setbacks related
to the bursting of the dot-com bubble in 2000 and the
2008 " Great Recession. "
Consequently, younger workers are unlikely to envision
a 30-year career trajectory with one company or even in
one industry. The Bureau of Labor Statistics reports that
the average number of years employees remain with
one company is 4.2 years. In fact, the median tenure of
workers between the ages of 55 and 64 (10.1 years) is
more than three times that of workers between the ages
of 25 and 34 (2.8 years).
As millennials and Gen Z assume control of their own
careers and subsequently adapt the workforce to fi t their
needs, they are fostering new ways of work that may be
benefi cial to everyone.
According to the Future Workforce Report, here are
four ways that millennials and Gen Z are shaping today's
workplace:
1. They are embracing remote teams. Millennials and
Gen Z workers don't remember a time when technology
didn't allow them to work when and where they wanted.
As such, nearly three-quarters of those in the younger
generations have team members who conduct the bulk
of their work remotely, compared to only 58 percent of
baby boomers. They see this trend continuing, predicting
that by 2028, nearly three-quarters of all teams will have
remote workers and 33 percent of full-time employees
will exclusively work remotely. That's likely why they are
building an intentional model for a remote workforce
APRIL 2019 | www.hrotoday.com
[35]
http://www.hrotoday.com

HRO Today April 2019

Table of Contents for the Digital Edition of HRO Today April 2019

HRO Today April 2019 - 1
HRO Today April 2019 - 2
HRO Today April 2019 - 3
HRO Today April 2019 - 4
HRO Today April 2019 - 5
HRO Today April 2019 - 6
HRO Today April 2019 - 7
HRO Today April 2019 - 8
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