I’ve never been a big shopper. Even less so when crowds/stampedes and long cues are involved. So, when all the bargain hunters are on the prowl at the malls of America this Black Friday, I went to the…library.
Yup, I like to read (I should think that’s rather obvious here, but just in case…). I just read a startling statistic that will happen in 2015 – ready?
In 2015, for the first time in history, Generations X & Y will outnumber the baby boomers in the workplace.
Questions around this:
1. Is your workplace ready? Full disclosure: I’m in gen X. I can’t tell you how many frustrated Xers I’ve spoken with who have been sitting on the sidelines…for YEARS…waiting to take on more responsibility and lead at work. Yes, many have figured out ways to do this circuitously, but it’s not the same as being given the reigns at work from the boomers and told to take over. The boomers just haven’t left the show yet. Meanwhile, do we have…
2. …A new generation ready to lead? What has your company done to prepare X and Y to LEAD? I’ll leave that for you to ponder…but if the boomers are still in charge, do they even care if X and Y are trained and ready to take over? (The good ones should…) Furthermore, if you’re the one hiring X and Y, ask them what they’ve done for their OWN education and leadership training–you’ll separate the rock star candidates from the herd when you ask this one, quickly…
3. Does succession planning even happen anymore? Let’s face it, in the 2nd worst economic downturn EVER for the United States, I’m sure the last thing on many corporate leaders’ minds was succession planning. First on their minds was and is: SURVIVAL. Surviving makes the majority get a little more cautious and conservative.* Those who are skeptical about the future hunker down, do their jobs, don’t rock the boat, and pay their time and dues. Do you think this short term strategy will pay off in the long term for companies now that X & Y will dominate in 2015?
This switch in 2015 may very well be the biggest sea change for corporate America that we’ve seen since the downturn of 2007/8. Mark my words (and my words and five bucks might get you a Venti latte at Starbucks): companies that are paying attention to this demographic tsunami are going to win over the long haul–and those who choose to ignore it will be in a world of hurt in the future–even as early as 2015. You were warned!
*Yes, there’s an opposite school of thought that in tough economic times, the bold get bolder and more entrepreneurial and start new innovative companies during depressions. But that’s a minority – I’m talking the majority of American workers here…if you fall into the minority, forgive me for generalizing.