Managing a Multigenerational Workforce In Accounting and Finance, skilled professionals are hard to come by today. Baby boomers are beginning to retire — taking with them decades of experience — while new hires fresh out of college are specialists, in the academic sense, with rigorous training but lacking general business skills and actual experience. Add low unemployment rates, fears of a possible recession, and inflation at a 40-year high, the current economic trifecta has further cast hiring managers into a landscape of uncertainty. Fighting for and keeping talent has left many grappling with how to manage — and nurture — a multigenerational workforce that, when weaved together, brings diverse experience and expertise. Nurturing a multigenerational workforce starts with valuing and understanding the differences between each generation.
There are five generations in the current workforce and each exhibits unique personality traits and values, HBR reports.
With a foundation of mutual respect, awareness and understanding, focus on a culture of learning. With deep diversity in experience and expertise, mentoring and reverse mentoring opportunities will further strengthen camaraderie and build skillsets for current and future success. Converging multiple perspectives drives creativity, problem solving, and innovation.
30 Financial Salary Guide & Employment Outlook 2023
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