Winnipeg Free Press - PRINT EDITION
Posted: 05/9/2013 9:13 AM | Comments: 0
TORONTO -- A new study says most organizations are poorly prepared to usher in a new generation of leaders as the silver tsunami of baby boomers heads for retirement.
About 41 per cent of the 100 global executives surveyed by Odgers Berndtson said their organizations are ready for the cultural changes that will take place as current leaders are replaced by employees from generations X and Y.
"There's going to be a significant culture clash between the baby boom generation, which is leaving the stage, and the generation X and generation Y group that's coming onto the stage," said Carl Lovas, Canadian chairman of Odgers Berndtson.
Organizations will have to undergo structural changes in order to attract and keep new talent because younger generations prefer personal development, flexible hours and work-life balance to the monetary rewards favoured by their predecessors, said Lovas.
"You've got to be able to respond to those requirements if you're going to attract and retain the top talent."
"Those (organizations) who don't understand that are going to be on the outside of those trends. They'll be disadvantaged because they don't get it."
Lauren Friese, owner of the job site TalentEgg, said it's not surprising the younger generations are looking for jobs that provide more opportunities for personal growth and fulfilment.
"It's what you would expect from a generation who was told to follow your passion and not settle for a career that doesn't meet your expectations to find meaningful work," said Friese.
-- The Canadian Press
Republished from the Winnipeg Free Press print edition May 9, 2013 B6
Having problems with the form?Contact Us Directly
PetroChina profit down 82 per cent on low oil price
GOP defence budget challenges Obama on Ukraine, Guantanamo
Cracks form in rebar trade dispute, inquiry called
New condos planned for Crestview
Tuna company, 2 managers charged in death of worker in oven
First Nations, B.C. ink marine deal for coast
How the Dow Jones industrial average fared Monday
Rates mixed at weekly US Treasury bill auction
Box office top 20: 'Furious 7' leads box office for 4th week
Pipeline regulator wants public input on spills
Corinthian Colleges closes all 28 remaining campuses
Capitol Hill Buzz: Dems push higher pay for Senate workers
Sarkar named AP's deputy editor for east region
Most actively traded companies on the TSX
DuPont and Mylan are big market movers
FDA: Medtronic must stop most sales of Synchromed drug pumps
Forget the watch: Apple's iPhones are still the main event
Apple beats Street 2Q forecasts
Man accused of staging boat crash now faces more charges
Unhealthy ending: Stocks fall as health care shares weigh
'Batman' trial tries to look inside Colorado shooter's mind
Wynne afraid to say 'selling' Hydro One: NDP
Compromise GOP budget hikes war funds, targets 'Obamacare'
SNC-Lavalin gets boost from analyst
Maine lawmakers eye hayride regulations after deadly crash
Peltz gets key backer in fight for influence at DuPont
Morrissey dismissed from Yes! Winnipeg
Local CEO elected to World Trade Centers Association board of directors
ESPN suing Verizon over unbundling of its sports channel
Cuomo: NY is 1st state to offer English lessons by cellphone
Judge: Caesars can demolish Harrah's casino in Mississippi
Japan's Inpex wins stake in major UAE oil fields
VW chairman quits, but questions over future remain
With economy uncertain, no Fed rate hike is seen before fall
The Latest: Courthouse empties after Day 1 of Holmes trial
Newfoundland and Labrador to cut 1,420 jobs
Stock market risk from 'under the radar'