What is performance appraisal and why is it important? Performance appraisal is the process through which employee performance is assessed, feedback is provided to the employee, and corrective action plans are designed. (Youssef, C. (2012)) The main objective of performance appraisals are to evaluate a employee’s work performance, they are also important for organizations to use because they reflect the effectiveness and efficiency of achieving organizational goals and objectives. They are used to manage salaries, wages, and pay adjustments. They also provide performance feedback for employees and communicating points of strengths and weaknesses.…
Generation Y (people born between 1978 and 1990) is the most high-maintenance workforce in the history of the world. Gen Y, according to Bruce Tulgan, is like Gen X on-fast-forward-with-self-esteem-on-steroids. They are very tech savvy, and comfortable in fast-paced environments. Not only do they want to know what they get in five or ten years, but they really want to know what they are going to get tomorrow. They walk in the door from day one with very high expectations, and they think they know it all. They are confident because they grew up in the Decade of the Child. They were over-supervised, and told that “we are all winners” and “everyone gets a trophy.” The message of the book is simple: If you want high performance out of this generation, you better commit to high-maintenance management.…
America has about five generations that function in our society today, and they are Traditionalists, Baby Boomers, Generation X, Generation Y, and the Millennial. It is interesting the way that an age gap influences the thinking of millions of people in different generations. Different times and situations require that different strategies be put in place for the following generation. Solutions that worked for one generation may be less useful for the next, so sometimes, because of the age gap, these solutions cause disagreements. These various ideologies all have one goal, and that is to be successful. We will discuss the path of the Baby Boomers and Generation X in the workplace environment.…
Age is one of the influences of changes in demographic factors which is important on effective human resource management. There are three generations can be used by managers to classified their workers which are Baby Boomers, Generation Y and Generation X. As for baby boomers, they are born approxiamately between the years 1946 until 1964. Many firm find that hiring this generation can be a win-win situation for both employers and the firm that hired them. Many firm find that baby boomer generation are basically loyal and mature. While, generation X was born between years 1965 until 1979. For this generation they are more independent and like challenging work compared with repetitive work. Generation Y also known as the millennials generation…
1. Generation Y, which is entering the workforce in growing numbers, shows a strong interest in climbing the corporate ladder.…
It is important that managers understand what is important for both generations while baby boomers like to compete for a prime spot, Gen Xers like deciding between multiple options in order to develop the skills and knowledge for their future. It is important to differentiate the needs of both generations since have a lack of information can lead to…
Andy Headworth. (2007, December 07). Ten differences between Generation X and Generation Y Employees [Msg 1]. Message posted to Sirona Says To infinite recruitment and beyond electronic mailing list, archived at http:/ / blog.sironaconsulting.com/ sironasays/ 2007/ 12/ our-futurex-ver.html…
Generation Y (born 1981 and 2000) is young worker, Generation X (born 1965-1980) is middle generation and Baby Boomers (Born 1946-1964) is older employers. Usually young workers want to make a quick impact, the middle generation needs to believe in the mission, and older employees don’t like ambivalence. It is important organization to take time and build the trusting relationship where each generation brings ahead their potentials and works towards the organization goal. The leaders should recognize the different work characteristics between generational groups and apply leadership styles that will positively contribute to employee motivation. As a result, due to the shifting nature of the job/task itself and the changing nature of subordinate characteristics and behavior. Leadership styles have also had to make changes. Accordingly, a task-oriented leadership style is more acceptable to Baby boomers but Generation X and Generation Y prefer to be managed under a relationship-oriented leadership style.…
Millions of generations have worked so hard to contribute to some of the challenges within the workforce. Every generation has inner deep values formulated by the era in which they were born and some life experiences. The work ethics, perceptions of others and communication styles are the inner deep values that affect experiences at work. According to research, the workforce transitioned from a two generation workforce (Matures and Boomers) to three generations (Matures, Boomers and Generation X).The mature generation’s characteristics developed from experiences in the Great Depression. Responsibility and quality are key expectations of the Matures,…
There are four groups of generations in today’s workplace: Traditionalists, Baby Boomers, Generation Xers, and Millennials. Each group is unique and a valued part of the organization they belong to however, each group prefers to work in different ways and expects different things out of their career. Whereas Traditionalists are concerned with moving up the corporate ladder, Millenials are concerned with higher education and skills they learn that can be taken with them on their next career move. Generation Xers and Millennials also dress differently than the older generations as well as view work/home balance more importantly than prior generations.…
Generation Y consists of approximately 80 million workers in North America. They were born between 1981 and 1999. These are the newest individuals to enter the workforce. They generally celebrate diversity; they’re optimistic, inventive and individualistic. They like to rewrite the rules, and generally enjoy a pleasurable lifestyle. Gen Yers do not see the relevance of most institutions. They are masters of technology, mainly because they have grown up in a world with the Internet and…
As “Baby Boomers”, people born between the years of 1946-1964, begin to retire, the new generation is stepping into their shoes. Generation X (born between 1965-1976) and Generation Y or Generation M.E. (born between 1977-1998) are a new generation of leaders who have entirely different characteristics than their elders. They balance their time between home and work. The new generations want rewarding, intellectually stimulating work. They thrive on a more individualized approach to management. Creativity, independence, and forward thinking are all equally important to these new generations. The Baby Boomer generation believes in “paying your dues” (Mindtools.com, 2011) and showing your loyalty by working long hours. They have traditionally felt that working is life, and if you hate your job, well then that is just part of life. It is easy to see there are many differences between the generations and adjustments must be made based on the different characteristics and leadership styles.…
This primary focus of this research paper is to examine each generation’s values, preferences, and provides managers with ways to minimize generational conflict. When managers obtain generational competence, organizations are able to maximize their human capital by increasing employee knowledge and experience. This new type of competence will provide organizations with a competitive advantage in the 21st century marketplace and beyond.…
Fallon, T. (2009). Retain and motivate the next generation: 7 ways to get the most out of you millennial workers. Supervision. 70(5), 5-7.…
Firstly, in a work environment, generational differences affect anything and everything. It presents issues with recruiting, team building, motivating team members and communication. These issues in turn can lead to conflict and a high employee turnover rate, which can then reflect poorly on a business. According to FDU Magazine Online, research indicates that people communicate based on their generational backgrounds. They state, “Each generation has distinct attitudes, behaviors, expectations, habits and motivational buttons.” They also divide the four different generations into a timeline. Veterans stem from 1922 – 1945, Baby Boomers from 1946-1964, Generation X from 1965 – 1980 and Generation Y comes from 1981-2000. These groups can be carefully distinguished through different characteristics. A clear understanding of the differences lies in work ethic and values. Veterans see work as a duty, where as on the other end of the generation line, Generation Y sees work from an entrepreneurial point of view as well as focusing on 'what’s next' after their current job, position or role. Another notable difference is older generations prefer hierarchy and process to get things done, whereas younger employees just want to get the task done and produce the outcome and the process in between…