Cordant Focus

Category: Employment Landscape


Effects of a shrinking workforce population

Generation X
Generation X came after the Baby Boomers, and typically covers people born between the mid 1960’s and the early 1980’s.

Generation Y
Generation Y covers people born between the 1980’s and the year 2000, Generation Y has been shaped by the technological revolution that occurred throughout their youth. 

Generation Z
Generation Z is the generation of children born after the Year 2000. They are the children of Generation X and Generation Y.

According to research, industry experts predict that more than 86 million millennials will be in the workplace by 2020—representing a full 40% of the total working population; millennials (are also known as Generation Y).

“Generation Y”
Generation Y will not tolerate systems that slow them down, thus smart-phones, apps, social networks and the cloud will all be brought into the workplace.

Top workplace benefits for Generation Y will be:

  • Flexible working hours

  • Cash bonus

  • Learning and Development

  • 40% of professionals will change jobs at least every three years

  • Graduates will expect to have more than 7 employers during their lifetime