I by IMD Book Club
Human Resources
How to make the most of a five-generation workforce
Author Rebecca Robins and IMD's Katharina Lange explore why leaders should stop managing generational divides and start making the most of them. ...
As people live longer, five generations are now workingâŻcheek by jowl. Author Rebecca Robins and IMD’s Katharina Lange explore why leaders should stop managing generational divides and start making the most of them.Â
Five generations are now working cheek by jowl for the first time in history. In this IMD Book Club session, I joined Rebecca Robins, co-author of Five Generations at Work, to discuss why thatâs an opportunity rather than a problem.
But more importantly, we discuss how organizations can turn generational differences into better decisions, stronger collaboration, and higher performance.
Weâre going through the biggest demographic shift in history. That has really not been well talked about or has been misunderstood.- Rebecca Robins
Five generations, one workplace
Each generation is defined not just by when it was born, but by the major events that unfolded during its formative years. Broadly speaking, that means five generations: Baby Boomers (1946-65), Generation X (1966-80), Millennials (1981-96), Generation Z (1997-2010), and Generation Alpha (2011 onwards).
These generations are often portrayed as being locked in conflict with one another; Boomers versus Millennials, Gen Z versus everyone else. But Robins argues that narrative has distorted the conversation.
âWeâre going through the biggest demographic shift in history. That has really not been well talked about or has been misunderstood,â she says. âPart of that has been influenced by the narrative we see in the media – the negativity, conflict and stereotyping – has misled people.ââŻ
Move beyond the stereotypes
The reality, Robins argues, looks very different to that portrayal.
âWe have an aging population, where all of us are likely to want or need to work for longer,â Robins says. âThe leadership mindset through which we look at this is mission-critical – less as a problem for business leaders to solve, but as an opportunity.â
That starts with challenging some deeply held assumptions. Both younger and older generations carry stereotypes about each other. The older generations are seen as being complacent, whereas older people think of the younger folks as being sometimes narcissistic, volatile, and unreliable.
And some of the media has helped entrench those stereotypes, Robins adds.
âSocial media has thrived on algorithms that favor polarities and division, when what weâre talking about is human difference, and how we better understand, value, and maximize what we all bring to the workplace. We need to shift from lazy labels to leadership lenses that embed intergenerational ways of working because it results in better business â in better insights and decision-making.â
The challenge, then, is turning those different perspectives into better decisions. But bringing those perspectives together is only half the battle, Robins argues. How do you get the various generations to actually solve problems together?
âI work with hundreds of rising leaders, and we often talk about âgood frustrationâ,â she says. âWe have more diversity than ever to solve increasingly complex problems. But are we building workplace cultures that allow that to happen?â
Think in decades, not years
Robins points to the animation studio Pixarâs âBraintrustâ, a creative forum where employees openly challenge work in progress and directors decide which ideas to run with. The goal is generating better ideas, and, as Robins puts it âconnecting shared organizational values with shared valueâ.
She also points to LVMHâs âDAREâ program (Disrupt, Act and Risk to be an Entrepreneur) as a good example of actively investing in collaboration across the organization. With more than 75 brands, Robins says the luxury group created a permanent platform where employees from different brands, functions, and countries could tackle shared problems together. Importantly for a group thatâs in the business of creativity and innovation, it brings together people with different roles, levels of experience, and from different functions â therefore maximizing their diversity of talent for the benefit of the business. More than 30,000 now take part, according to LVMH.
Companies should bring younger employees much closer to the top table, and there’s growing use of âshadow boardsâ to give them a stronger voice. With the shadow board, the younger generation is bringing the energy and curiosity and holding people accountable for what they do and what they say.
That also requires a longer-term view of leadership.
âMost businesses plan no more than three years ahead,â says Robins. âOne of the biggest concerns for CEOs today is whether their business will even be here in 10 years.â
One group of organizations that has succeeded in thinking this way are leading family businesses. âFamily businesses think in decades,â she says. âThinking about the generations born after us requires a different approach, where we see much more of that collaborative leadership mindset in action.â
The problem is that many organizations are still built for a different era.Â
Leadership needs to catch up
The problem is that many organizations are still built for a different era.
âWhen we look at performance systems, many still account only for what we deliver as individuals, not for how we contribute in collaboration,â Robins says. She points to Microsoftâs transformation under chief executive Satya Nadella. It was a crucial era of transition from a âknow-it-allâ culture where knowledge was hoarded by teams who were effectively competing with one another, to a âlearn-it-allâ culture.
The point that Robins makes for leaders is that maximizing five generations at work is not just in unlocking the full potential of their talent strategy, itâs in their business and customer strategy.
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