
Why We Do It…
- Intergenerational workforce presents challenges and opportunities with their different value systems.
- 62% of knowledge workers before the year 2010 will be women.
- Demographic diversity changes the approach to work/life balance needs.
- Cookie cutter approaches are becoming obsolete.
- Gen X and Y will demand work/life balance over status and prestige as a means to attract, retain and keep them engaged.
- According to a survey conducted by Towers Perrin, work/life balance and career advancement were selected among the top 3 by employees regarding retention.
- Furthermore, Towers Perrin’s survey revealed that skill development and self-improvement were ranked among the top 5 to keep an employee engaged.
- Engaged employees are company drivers. According to a Gallup poll, only 30% of employees are engaged, 54% of employees are not engaged and 16% are actively disengaged.
- Within the next 20 years, 33% of your company’s intellectual knowledge will be retiring. Taking a proactive approach to this lose is crucial for the success of an organization. Not taking action can lead to severe consequences for all generations and the company.