While the impact of Generation Y (ages 18-31) in the workplace is being considered, we are looking ahead to the next generation. Generation Z (roughly ages 7-17) is already moving the needle as consumers, particularly in technology, fashion and media, with an estimated annual purchasing power of $44 billion , according to Entrepreneur.com. Related: 6 Things You Need To Know About Onboarding Millennials The oldest members of Gen Z are starting to land their first jobs, meaning they will soon alter the generational dynamic in the working world. What will be Gen Z’s power as employees and eventually business leaders? It is important to think about this as more Millennials, aka Gen Y, are becoming managers. So far, Millennials appear to be fans of helping younger colleagues succeed. Perhaps this is because Millennials generally focus on collaborative success. This mentality often manifests itself via mentoring, such as providing college or job selection advice to younger counterparts. This is not only generous, but also a smart career move. Based on the speed and magnitude of technology innovation, Gen Z employees will no doubt have important tech skills and knowledge that Millennial senior leaders will want to leverage.
December 03, 2014