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Payscale

compansation challenges for a multi-generational workforce

This resource is published by Payscale

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There are four different generations in the workforce today, each with different philosophies and ideals. As of now, we have the Traditionalists, the Baby Boomers, Generation X, and Generation Y (the Millennials) all working together within the same companies. If keeping up with the needs and desires of all didn’t already feel like rocket science, there is another still to come into the workforce within the next few years, generation Z. Unfortunately, there is no one-size-fits all strategy when it comes to figuring out a compensation plan that works for all employees. Each generation has their own defining characteristics, demographics, and priorities.

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