March 9, 2018
With five generations in today’s workforce, it can be challenging to manage them fairly and effectively. To address their work/life, compensation, and total employee rewards expectations, you must first define their differences and understand their divergent needs.
Traditionalists (aka “The Silent Generation”) are the oldest generation in today’s workforce. According to the Pew Research Center, this generation was born during the period from 1928 to 1945.
Traditionalists value loyalty, authority, dedication, sacrifice, honor, and discipline. They are motivated by flexibility, work autonomy, and working on preferred projects. They will often stay on board to bridge a knowledge gap.
Traditionalists typically need creative compensation packages. They crave appreciation, recognition, and work schedule flexibility to spend time with grandchildren. They desire traditional benefit packages, defined benefit retirement plans, and conventional vacation/time off. Certain standard health and insurance benefits are less important if they have Medicare. Traditionalists want coaching focused on improving their strengths.