Solving your payroll and HR issues with insights, answers, and action.

  • Startup
  • Payroll/Taxes
  • Human Resources
  • Employee Benefits
  • Business Insurance
  • Compliance
  • Marketing
  • Funding
  • Accounting
  • Management
  • Finance
  • Payment Processing
  • Taxes
  • Overtime
  • Outsourcing
  • Time & Attendance
  • Analytics
  • PEO
  • Outsourcing
  • HCM
  • Hiring
  • Onboarding
  • Recruiting
  • Retirement
  • Group Health
  • Individual Insurance
  • Health Care
  • Employment Law
  • Tax Reform

Potential Benefits of a Multigenerational Workforce

Human Resources
Blue Paper
01/14/2016

For likely the first time ever, America’s workforce will soon be composed of four generations: millennials, generation Xers and baby boomers, with so-called
post-millennials only a few years away from the labor pool.

According to the U.S. Bureau of Labor Statistics, as of 2015, millennials (born from approximately 1980 to 2000) became the largest population of workers in the United States, constituting 35 percent of the workforce. Baby boomers and generation Xers were close behind, with each comprising 31 percent of the working population.

While each generation is different, those differences shouldn’t necessarily be approached as a negative. With astute management, organizations can leverage each generation’s unique characteristics to create a complementary multigenerational workforce that helps boosts the bottom line, worker retention, and market share.

This website contains articles posted for informational and educational value. Paychex is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, Paychex. The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant.
View More in Human ResourcesView All Categories