An article about the advantages of developing an intergenerational workplace, prompted me to share this personal story.
My aunt was a prominent figure in the Insurance sector and had a traditional, yet successful career. Nearing retirement, (at 59 years old) she was approached by a forward-thinking, new firm in the market, offering her ‘many times her annual salary’, (in permanent employment) to grow their business and to share her knowledge and coach the younger generation in their firm.
Ten years later, the same insurance company became an active shareholder in my aunt’s first commercial venture, whereby they still received ongoing advice from her (as a consultant) and she had the financial backing she needed to take a step, she had never thought possible.
According to Birkman’s paper, ‘How Generational Differences Impact Organizations & Teams’, Baby Boomers tend to be optimistic, ambitious, competitive, and focus on their personal accomplishments. However, nobody’s perfect and the paper deals with the many issues that organisations can experience with inter generational teams. ‘The good news is that common ground exists among members of different generations. Differences exist on all teams regardless of generation and can be successfully addressed through training, and coaching. Other differences, such as work and communication styles, are an outcome of changes in the workforce that can be addressed in a variety of ways.’
Whilst knowledge may be perceived to some as power, sharing that knowledge is worth its weight in gold. It’s how organisations use the knowledge of individuals in their ‘golden years’, re-training these individuals to advise, mentor, coach and train, that makes these organisations more successful than those that choose to make these ‘senior citizens’ redundant.
Companies who want advice may also wish to read:
- How Generational Differences Impact Organizations & Teams,
- 5 rules for managing intergenerational teams
- 7 ways for Millennials to work effectively across generations
Helen Martin is a leadership coach and can be contacted for more information.