RT Vol XXI: Ch 8 Work-life Challenges Across the Generations at Work
From the Book: The Refractive Thinker®: Vol. XXI: Work Life Balance: Effective Strategies to Enhance Personal and Professional Success


Summary

The concept of work-life balance has become a central topic in the early 21st Century workforce. In concept, work-life balance constitutes the balance between work, family obligations, and personal interests. As generational diversity in the workplace increases, differing values and expectations regarding work-life balance become more prevalent.

Organizational leaders must address varying expectations while recruiting and retaining quality talent. While companies continue to manage the work-life expectations of the four generations at work, there are opportunities for innovation as the world of work changes. Advancements in digital technologies have led to changes in global businesses economies and enhanced communications. In addition to the human resources challenges of managing four generations at work, business leaders need to manage the rate of digital change that influences the nature of work. The innovative ideas of the Millennial and Generation Z generations in the workplace can help employers identify new benefits to offer. With the continued growth of micro and small businesses, these innovators of Millennials and Generation Z will drive the need for benefits which have no connection to the employer, but to the employee. With the continued growth of micro and small businesses, these innovators will drive the need for benefits that are not connected to the employer, but to the employee. Applying a wider lens to managing work-life expectations in the workplace presents an opportunity for business leaders to better understand the needs of individual employees, improving engagement and productivity.