Generation X is committed, experienced and has the technical skills to outshine millennials. However, that is not enough to prevent the career progression of professionals from this generation from falling behind.
According to a Harvard Business Review article , picked up by Fast Company , a australia phone number combination of factors including, for example, late retirements among boomers or age discrimination are holding many Xers back professionally.
than 25,000 leaders across all industries and regions to examine leadership advancement by generation: “We were surprised to see that over the past five years, the majority of Gen X leaders (66%) had received only one or no promotions — significantly fewer than millennials (52%) and baby boomers (58%), who were more likely to have received two or more promotions during the same time period.”
The data resulting from this research is unexpected, considering that Generation X is in their 30s and 50s and should be at the peak of their careers. However, half of baby boomers are delaying their retirement until age 70 due to financial insecurity. As a result, older workers are not only holding on to their jobs longer, but are also trying to advance to higher-paying roles.
On the other hand, millennials have been in the media spotlight in recent years and this has been reflected in their job opportunities: "companies have focused a great deal of effort on how to foster millennial talent, the first generation to come of age in the digital age, in the face of changes in work habits and values." All of this has led to neglecting Generation X.
In addition, Gen Xers are seeing that most of the workload is theirs to carry and they are not rewarded with promotions or advancement. And this is making workers frustrated: Currently, only 58% of Gen Xers feel they are advancing within their organization at an acceptable rate, compared to 65% of millennials. This translates into dissatisfied workers who are thinking of leaving their organization.
What is the solution for Generation X?