For the first time in history, we have five generations in the workplace, which also means bankers are juggling the interests, needs and communication styles of members whose ages span over a half-century. Each of these groups has been influenced by the socio-cultural events that took place during the formative years of their lifetimes, including how each generation views its financial needs, goals and communication preferences. A generation is defined as “a group of people born around the same time and raised around the same place. People in this birth cohort exhibit similar characteristics, preferences and values over their lifetimes.” This generational melting pot presents an interesting puzzle for both owners and management teams because a one-size-fits-all approach is no longer an effective way to engage all employees. In order for employees to be fully engaged and participate, it is important to communicate with them on how they wish to receive information. BRIDGING Successfully Managing a MultiGenerational Workforce Provided by the Virginia Association of Community Banks THE GAP 13 The CommunityBanker
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