News Feed Item

Five Generations, Flying Blind -- Today's HR Challenges Greater Than Ever

Millennials and baby boomers present greatest HR management complexities

CHICAGO, IL and READING, UNITED KINGDOM -- (Marketwired) -- 10/19/16 -- There have never been so many generations in the workplace, causing new and increasing people challenges for business and HR leaders. That is the view from Fairsail, which has today released the findings of its inaugural, '17-70' research, which recently polled 250 HR leaders from the U.K. and U.S. on managing the different generations in their workforces.

The great demographic divide

Average life expectancy has increased significantly while retirement savings have reduced, meaning for the first time there are five generations in the workforce. The findings showed that the youngest and oldest workforce demographics create the greatest HR challenges for modern businesses with 47.6% of respondents citing Millennials as the most challenging, closely followed by Baby Boomers, which received just over a third (33.6%) of total responses.

"Businesses today are navigating uncharted territory, managing people each with their own needs, preferences and developmental opportunities," said Adam Hale, CEO of Fairsail. "This can create a high level of uncertainty around how to hire the best talent of any age while providing all employees with the necessary support to perform at their best. More than ever before, HR leaders need to think like people scientists in order to optimize both talent management and business outcomes."

Fairsail's research also found that juggling the collision of old and new working practices is an issue for more than one in five (22%) HR leaders. The rise of the two youngest worker demographics, Millennials and Gen Z, who have ushered in greater demand for more flexibility around how, when and where they work, is largely the driving force behind this collision, and presents a direct conflict to employees aged 40+ who are typically more used to regular working patterns and locations.

The demand for people science

In a bid to combat the challenges presented by the increasingly diverse and multi-generational global workforce, more than half (52%) of HR leaders are now hiring people scientists to improve their visibility and understanding of their workforces.

People scientists are able to gain predictive insights and be more proactive, providing a more holistic understanding of people through increased contextual information from multiple sources, not just HR. Yet despite this, 42% still only have a partial view of their workforce.

The global HR industry's increasing use of people science tallies with two thirds of respondents (66%) who stated that Big Data and people analytics will be 'important' or 'very important' in enabling HR to become more productive and strategic. Similar respondent percentages also cited the importance of digital HR (66.4%), behavioral economics (66%) and cognitive computing (63%) in facilitating better management of the global, cross-generational workforce.

Digital skills gap hindering talent acquisition

The survey also revealed that the digital skills gap remains as prevalent as ever. The wide range of age groups in today's workforce means that the spread of technical understanding, competence and confidence is vast. So much so, that nearly a quarter (21%) reported a high level of difficulty in finding talent with the necessary digital skills.

In fact, identifying the best talent is an ongoing challenge for HR professionals in both countries. Faced with five generations in the workforce, each with various skills and competencies, almost a third (30%) of total respondents cited talent acquisition as their greatest challenge.

Hale commented, "With different generations working alongside each other, businesses must ensure they have the right tools and strategies to manage their teams effectively. And as the workforce continues to evolve, success will be contingent upon having full visibility of all employees, their skills and where they need additional support. This is especially true with multi-generational workforces where factors such as a digital skills and the need to build effective leadership pipelines further complicate the talent management process."

Fairsail's research highlights the growing importance of HR to wider business success -- and indeed, with more than two-thirds (68%) of respondents stating that they report directly to their company's CEO, this is further evidence that HR's importance is rising up the C-suite agenda as a critical business function.

A copy of the 17-70 report can be downloaded here: https://www.fairsail.com/17-70/multigen-research/. For more information on Fairsail, please visit https://www.fairsail.com/.

About Fairsail
Fairsail enables mid-size, multinational companies to manage modern workforces through its global cloud HRMS, transforming how organizations acquire, engage, manage and develop their people. Implemented quickly and simple to use, the award-winning system increases workforce visibility, HR productivity and provides better experiences across the entire workforce. Fairsail's customer portfolio includes AVEVA, Cobalt International Energy, Huddle, Mitsubishi UFG, PaddyPower Betfair, Sage, SDL, Skyscanner, and SolarWinds.

Additional Resources
Learn more about Fairsail on the website.
Follow Fairsail on Twitter and the Fairsail Blog.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, will discuss how data centers of the future will be managed, how th...
There is huge complexity in implementing a successful digital business that requires efficient on-premise and cloud back-end infrastructure, IT and Internet of Things (IoT) data, analytics, Machine Learning, Artificial Intelligence (AI) and Digital Applications. In the data center alone, there are physical and virtual infrastructures, multiple operating systems, multiple applications and new and emerging business and technological paradigms such as cloud computing and XaaS. And then there are pe...
Why Federal cloud? What is in Federal Clouds and integrations? This session will identify the process and the FedRAMP initiative. But is it sufficient? What is the remedy for keeping abreast of cutting-edge technology? In his session at 21st Cloud Expo, Rasananda Behera will examine the proposed solutions: Private or public or hybrid cloud Responsible governing bodies How can we accomplish?
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
Today most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes significant work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reducti...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
Most of the time there is a lot of work involved to move to the cloud, and most of that isn't really related to AWS or Azure or Google Cloud. Before we talk about public cloud vendors and DevOps tools, there are usually several technical and non-technical challenges that are connected to it and that every company needs to solve to move to the cloud. In his session at 21st Cloud Expo, Stefano Bellasio, CEO and founder of Cloud Academy Inc., will discuss what the tools, disciplines, and cultural...
SYS-CON Events announced today that Enroute Lab will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enroute Lab is an industrial design, research and development company of unmanned robotic vehicle system. For more information, please visit http://elab.co.jp/.
SYS-CON Events announced today that Cedexis will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Cedexis is the leader in data-driven enterprise global traffic management. Whether optimizing traffic through datacenters, clouds, CDNs, or any combination, Cedexis solutions drive quality and cost-effectiveness.
SYS-CON Events announced today that Ryobi Systems will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ryobi Systems Co., Ltd., as an information service company, specialized in business support for local governments and medical industry. We are challenging to achive the precision farming with AI. For more information, visit http:...
Today traditional IT approaches leverage well-architected compute/networking domains to control what applications can access what data, and how. DevOps includes rapid application development/deployment leveraging concepts like containerization, third-party sourced applications and databases. Such applications need access to production data for its test and iteration cycles. Data Security? That sounds like a roadblock to DevOps vs. protecting the crown jewels to those in IT.
What is the best strategy for selecting the right offshore company for your business? In his session at 21st Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, will discuss the things to look for - positive and negative - in evaluating your options. He will also discuss how to maximize productivity with your offshore developers. Before you start your search, clearly understand your business needs and how that impacts software choices.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
Real IoT production deployments running at scale are collecting sensor data from hundreds / thousands / millions of devices. The goal is to take business-critical actions on the real-time data and find insights from stored datasets. In his session at @ThingsExpo, John Walicki, Watson IoT Developer Advocate at IBM Cloud, will provide a fast-paced developer journey that follows the IoT sensor data from generation, to edge gateway, to edge analytics, to encryption, to the IBM Bluemix cloud, to Wa...