At present, there are five different generations working at the same time on the labour market side by side. In our days the most influential ones are Generation X,Y and Z. As each of these  generations prepare themselves to play a dominant role in the global economy, there have been numerous studies and researches  written by academics, businesspeople and policymakers on what motivates and demotivates these generations at work, what working styles characterize them and what leadership patterns are to be expected from their members.

Employee engagement is the strongest driver for a great performance. Engaged employees is the main company asset and the basis for being competitive and successful in any market. It is up to leaders to build a good working atmosphere, include and empower their teams, offer recognition, build a culture of feedback, and give a purpose and sense of belonging to the employees. This certainly is a challenge…. And let’s not forget, nowadays we are working with multigenerational teams where there are 5 generations in the working place.

Ageing population is a long-term development that has been transforming the global economy. It has been apparent for several decades in Europe and in other parts of the world. By 2050, the number of people in the European Union aged 75-84 years is projected to expand by 56.1 percent. At the same time, there will be 13.5 % fewer people aged less than 55 years living in the EU.[1] Ageing populations are rising because of the rise of life expectancy and the declining birth rates. Society is shifting.

Author: Nina Hadidomova | Photo: Alice Pasqual on Unsplash

Intergenerational fairness or sometimes called intergenerational justice is an interesting concept little talked about. But it should be addressed.