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Generation Y and the Workplace Annual Report 2010 - Haworth

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16<br />

A rising <strong>and</strong> powerful future workforce of <strong>the</strong> 21st century:<br />

For <strong>the</strong> first time ever, in workplaces around <strong>the</strong> world,<br />

we underst<strong>and</strong> that four generations are working toge<strong>the</strong>r.<br />

Known as <strong>Generation</strong> Y (aged 15-29), <strong>the</strong>y are <strong>the</strong> current<br />

entrants into global workforce <strong>and</strong> estimated at:<br />

1.7 billion worldwide,<br />

representing 25.5% of <strong>the</strong> world population<br />

Global WorkPlace Innovation<br />

Who are <strong>the</strong>se young upstarts?<br />

The newest <strong>and</strong> youngest members of work<br />

forces all over <strong>the</strong> world are making <strong>the</strong>ir<br />

presence felt, causing many businesses to rethink<br />

<strong>the</strong>ir working practices.<br />

Baby Boomers, <strong>the</strong> post-world war II generation<br />

associated with social change, are beginning to<br />

retire in large numbers, taking <strong>the</strong>ir knowledge<br />

<strong>and</strong> experience with <strong>the</strong>m. There are not enough<br />

of <strong>the</strong> new generation to replace this deficit, so<br />

<strong>the</strong>ir knowledge <strong>and</strong> skills are in dem<strong>and</strong>.<br />

There is ano<strong>the</strong>r major reason why <strong>the</strong> generation<br />

Y is grabbing attention. Many commentators are<br />

claiming that <strong>Generation</strong> Y, as <strong>the</strong>se young people<br />

are often called, are setting off a new wave of<br />

social <strong>and</strong> business transformation.<br />

For <strong>the</strong> purpose of this study, we decided to study<br />

<strong>the</strong> <strong>Generation</strong> Y aged between eighteen <strong>and</strong><br />

twenty-five, although some people include those<br />

born from 1980 onwards, putting <strong>the</strong> upper limit<br />

at twenty-eight. In our view, <strong>the</strong>re are at least six<br />

reasons why we need to underst<strong>and</strong> <strong>the</strong>m <strong>and</strong><br />

how <strong>the</strong>y relate to work. They are a remarkable<br />

generation, <strong>and</strong> here is why...<br />

Copyright © <strong>2010</strong>, Johnson Controls. Confidential. All Rights Reserved.<br />

Intellectual Property Johnson Controls, <strong>Haworth</strong> <strong>and</strong> iDEA.<br />

The demographic data indicate that <strong>the</strong>re<br />

are not enough of <strong>the</strong>m coming in to <strong>the</strong><br />

workforce.<br />

They are transformational – <strong>the</strong>y have grown in<br />

a different world to <strong>the</strong>ir parents – surrounded<br />

by modern technologies <strong>and</strong> a society of<br />

consumerism.<br />

They do things differently – modern<br />

educational curricula have brought a wave of<br />

transformation in <strong>the</strong>ir life.<br />

They are challenging – this is <strong>the</strong> most<br />

commonly agreed threat about this generation,<br />

but yet it has not been proved.<br />

They are techno-savvy – <strong>the</strong> 20th <strong>and</strong> 21st<br />

centuries have brought <strong>and</strong> will continue to<br />

bring <strong>the</strong> most terrifying <strong>and</strong> transformational<br />

technological solutions to our world.<br />

They are agile – multi-taskers – <strong>the</strong>ir agility<br />

to do different things at <strong>the</strong> same time is well<br />

known, but it does not mean it makes <strong>the</strong>m<br />

more efficient in <strong>the</strong> way <strong>the</strong>y work.<br />

17

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