GenX More Inclined to Improve Skills, Build Tenure
Generation X wants to learn something new. Baby Boomers plan to work past retirement age. Younger workers want a new job.
Those GenX workers between the ages of 32 to 45 have stated they are more inclined toward building tenure with their current employer by improving and enhancing their skill set rather than look for a new job, according to a July report from Robert Half Technology on generational preferences during the recession. Boomers want to keep their job for as long as possible.
All three groups-GenY, GenX and Baby Boomers--all want stability and security, but some are more inclined to find a new job when the economy improves than others. Generation Y (ages 21 to 31) are more inclined to find another job once the economy improves.
For Gen Y, looking for a new job is the most common post-recession career plan, whereas Gen Xers polled said they are more inclined to update their skills. For baby boomers surveyed, staying put at their companies was the most commonly cited post-recession career plan.
Other key data discovered:
- 37 percent feel they are being underpaid for taking on more work during the recession
- 72 percent of hiring managers say cross-generation management poses challenges
- 28 percent of all workers feel more engaged in their work
"Many employees, particularly Gen Y professionals, are biding their time in their current employment situations and plan to make a move when they feel the economy is on firmer footing," said Brett Good, a Robert Half president in a statement. "Now is the time for employers to take action and outline career paths within their company for strong performers. Compensation reviews also should be conducted to ensure that pay is competitive."