Tuesday, October 13, 2009

Demographic Shifts in the Workforce - So what has changed?

1. A different generation at work

This generation is aggressive, energetic and ambitious – they have high expectations of themselves and their organizations.

  • Open and Direct Culture.
  • Sense of community and a fun workplace -Need to engage not just professionally but also socially with people at work .
  • Work-Life Balance – but not the traditional concept.
  • Career Growth – not bound by notions of ‘loyalty to organization’.
  • Commitment to CSR.
  • A culture of high performance and high degree of professionalism.

2. More Women in the workforce

  • An Environment that is
  • Equitable – with respect to growth opportunities, rewards, remuneration, meritocratic
  • Intolerant of discrimination/harassment
  • Sensitive to women’s needs and safety
  • Work Life Balance through
    o Flexible work options
    o Benefits like child care, extended time off, etc

3. Globalized workforce: culture, nationality, norms. Large multinationals with workforce spanning across geos and cultures need to create

  • Cultural Sensitivity – Understanding of cultural differences and nuances.
  • A Unifying Corporate Culture – That enables different people to work together based on common values.
  • Fine Balance of Global and Regional Programs/Processes – to address local needs while keeping intact the organization’s core.

4. Fatigue & monotony setting in faster; people looking to move on to new roles faster.

5. Ability to take risks - with careers; opportunities have increased...so has willingness.

6. Demographics impacting the dynamics at work- age issues; gender issues.

Contributed By:
Ranjan Sarkar
(Vice President - HR & Corporate Communication)
Acclaris Limited

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