Rewards to Motivate Different Generations

Running Head: Compensation and Benefits
Compensation and Benefits

Compensation and Benefits 1
Rewards to Motivate Different Generations
Motivation has huge significance for employees in order t o receive efficient outcomes from
them. While there can be differences in the individuals, there are many themes in between the
generations that can be used as information to create well round approach for rewards and
motivation of the team members. Today’s workforce mostly consists of the Baby Boomers (born
1946 to 1964), Millennials (1981 to 2000) and Gen Xers (1965 to 1980) (Meier & Crocker,
2010).
 Baby Boomers: These are good team players and value personal growth and optimism.
These people are focused about their careers and are competitive at workplace. They add
big value to the organization. They are always looking for status and respect. They feel
engages when they are able to share knowledge they possess. Hence, these people will
definitely appreciate rewards. Formal recognition is what they will appreciate the most.
They will appreciate a new title in their workplace as a reward of the work that is well
done by them. These kinds of rewards ties with their desire of earning respect and status.
 Millennials: These employees are optimistic, of diverse value and involve themselves in
decision making. They are expressive and creative. Loyal to all the other players of the
organization. They expect feedback frequently and always keep good communication
with their leaders. They seek interesting work which can keep them away from getting
bored. Hence, this generation can be awarded by making them choose between new
projects very often. They are always interested to learn something new which they can by
taking new projects. They will feel motivated by sitting on the same table with their
leaders and learn new skills. This generation also seeks fun in the environment of their
workplace. Team events will strengthen the bond within these types of colleagues. This
way they will get a new family at their workplace.
 Gen Xers: They are creative, result driven, flexible and entrepreneurial. They tend to
behave quite individualistic way and rely on themselves instead of relying on others.
These people try and create work life balance. These people are always looking for
marketing skills and results which assist them build a new strong career. Since, this