Riskboss Magazine Article Generational Awareness

General Awareness in Business
Generational Awareness for Business The Risk of Not Knowing By Alexis De Bartolo, Human Resource Director, Samsonshield Inc. Generational Awareness Generational awareness and analysis have been a mainstream science in the academic and business world for some time. Each generation has unique to them, certain characteristics that differentiate them from other generations. All generations share certain traits, beliefs, customs, and behaviours unique to their age group. Age reveals two important things about a person: their position in their life cycle; and their membership in a group (cohort) of individuals were born at the same time and, who have similar experiences. Other factors obviously have impacts that differentiate people outside of generational norms such as place of birth, culture, and religion, etc. Generational awareness is used in a variety of ways such as in advertising and political science as a tool to predict business and political trends and outcomes. Multigenerational workplaces could benefit from generational awareness. Understanding the generations can provide a distinct advantage in helping people with their needs and also, help people understand different perspectives, beliefs and points of view. Riskboss will be highlighting one generation in this, and each future edition. It is our goal to help readers understand the impact factors and traits of each generation. In analysing this information, it is important to be careful not to pigeonhole an individual in any age group with their generational characteristics as people can and do often break generational norms. We hope that this helps to bridge gaps between the generations, assist in dealing with people you interact with, and reduce the risk of misunderstanding points of view.
 
YEARS GENERATION NAME Baby Boom Generation 1946 – 1964 The Baby Boom generation (also known as Boomers) are most often the children of the Greatest Generation and the Silent Generation. Boomers are the parents of Millennials. Boomers still make up a large part of society world-wide, second only to Millennial generation. Boomers currently range in age from 60 to 78 years. Following the Second World War, Boomers were born into a generation of economic prosperity and significant advancements in technology, medicine, and education. Boomers are well known for their participation in social movements particularly in the United States in post-secondary environments. Boomers were the first generation to use computers and cellular phones moving away from typewriters and land line communication. Higher standards of living were the norm. This time period is known for the youth bulge where birth rates sored worldwide causing countries like China to take drastic measures like the one child policy. Boomers are most known during the 1960’s for activism, social change, diversity, and the pursuit of freedom brought about by decades of riots, boycotts, antiwar demonstrations, and civil rights protests. Some famous Boomers are Oprah Winfrey, Elton John, Bill Murray, Samuel L. Jackson, Cher, Bills Gates, Donald Trump, Michael Jackson, Barack Obama, Michael Jordan, King Charles III, Wayne Gretzky, Arnold Schwarzenegger, Madonna, and the list goes on. Boomers are known for the following characteristics: self-assured, strong work ethic, value relationship-based business, and prefer face-to-face or telephone engagements. Boomers often relate who they are by way of what they do, this being a defining characteristic of their identity. Boomers grew up and lived much of their lives questioning authority and asking the question, “Why.” This often infuriated their parents who rarely questioned authority figures. Boomers may appear to be openly cynical of things they don’t relate to. Boomers often stay in the workforce long past traditional retirement as they challenge aging.  In work environments, Boomers can be less adaptive and collaborative than other generations. Boomers often work long hours, are susceptible to the risk of burnout, and have less work-life balance than other generational cohorts. Boomers often expect others to emulate their work ethic in business.
1901 – 1927 The Greatest Generation (See Fall/Winter 2023 Edition for Details)
1928 – 1945 The Silent Generation (See Spring/Summer 2024 Edition for Details)
1946 – 1964 Baby Boom Generation
1965 – 1980 Generation X
1981 – 1996 Millennial Generation Generation Y
1997 – 2012 Generation Z / IGen
2013 – 2025 Generation Alpha