I agree. Could a cause of that migration in jobs/companies be due to the fact that Boomers won't easily leave the workplace?
In my circle of friends, I know many professionals that felt that they couldn't be promoted, or be given much of a pay raise until a few Boomers retired and they didn't see that happening any time soon. So, they made parallel moves to companies who had more opportunity for advancement.
Love the conversation about this.
The older I get, as a Gen Xer, the more I hope I don't have to change companies ever again.
I love what you're writing, Ulbian. It ties directly to my line of work as well.
That said, I highlight the quote above because I have to think to myself..........
When a companies first loyalty is to its stock holders, where should a worker's loyalty be?
My dad and his friends always said that when they were working the factors cared about the working man. Its the complete opposite for me. I think that factors into the loyalty issue.
"As a Gen Xer, that generation also doesn't leave the workplace. They tend to work longer and retire later. So the bad thing is that some of them keep Gen Xers from promotions."
There's an important detail you are missing in this. Gen X has strong loyalty to themselves whereas the Baby Boomers had stronger loyalty to the company. Boomers tended to stay in the same career working for the same company. Gen Xers are more willing to switch careers and jobs because they lack that company loyalty. They will work long hours but by the time a Gen Xer retires he/she on average will have worked in many more different jobs than the typical Boomer did.
How many of my fellow Gen Xers contributing to this thread have switched jobs and how did that sit with your parents? I was in my first job post grad school for 6 years before leaving. When I left both my mom and dad thought I was nuts. "You had a good job, I don't understand why you would leave it." It was a classic example of a generational clash. It was a good job and I could've stayed in it longer but it was also suffocating without much room for me to spread my own wings.
With the way these things are cyclical, millennials are exhibiting familiar traits of previous generations that line up with them. Their driving force is collaboration and accomplishing a good for the greater community. Gen Xers are more independent and were left to fend for themselves. We don't like group projects. Millennials embrace them wholeheartedly. This creates major dissonance when you have a workforce comprised of a combination of the two and then sprinkle in upper management who is a combination of Baby Boomes and Gen Xers.
1. They don't take criticism very well. When they screw up, which is quite often, they get that your picking on me attitude. Predictably, they call off work next day and eventually that gets them fired.
2. They will complain to no end about their lack of hours and money. However, if you give them the chance to go home early, they can't get out the door fast enough. We have to get back to Mom's basement and play video games.
As Millennials mature, hopefully they take some of the traits of Xers, who took some of the traits from boomers.
And Ulbian? Great post. I really enjoyed reading your thoughts on the topic.