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
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at @DevOpsSummit at 19th Cloud Expo, Charles Kendrick, CTO at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and deve...
Big Data has been changing the world. IoT fuels the further transformation recently. How are Big Data and IoT related? In his session at @BigDataExpo, Tony Shan, a renowned visionary and thought leader, will explore the interplay of Big Data and IoT. He will anatomize Big Data and IoT separately in terms of what, which, why, where, when, who, how and how much. He will then analyze the relationship between IoT and Big Data, specifically the drilldown of how the 4Vs of Big Data (Volume, Variety,...
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Qosmos, the market leader for IP traffic classification and network intelligence technology, has announced that it will launch the Launch L7 Viewer at CloudExpo | @ThingsExpo Silicon Valley, being held November 1 – 3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The L7 Viewer is a traffic analysis tool that provides complete visibility of all network traffic that crosses a virtualized infrastructure, up to Layer 7. It facilitates and accelerates common IT tasks such as VM migra...
A completely new computing platform is on the horizon. They’re called Microservers by some, ARM Servers by others, and sometimes even ARM-based Servers. No matter what you call them, Microservers will have a huge impact on the data center and on server computing in general. Although few people are familiar with Microservers today, their impact will be felt very soon. This is a new category of computing platform that is available today and is predicted to have triple-digit growth rates for some ...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.