Lindsay: Hello and welcome to another conversation in our transformation series. I’m joined by two GW+Co team members who come at things from different points on the generational spectrum, Michelle Chow, who can be described as a Millennial, and Esther Compostella, who’s a Baby Boomer. What do you see as the key differences between the two generations, if any?
Esther: For me, it’s more about individuals than generations. Each generation consists of a multitude of unique individuals with their own opinions, values, behaviours and plans for the future. So, stereotyping generations doesn’t feel right. It’s too easy to use generational stereotypes to put people into different buckets, and it’s also limiting in terms of others’ expectations and even your own mindset. The differences between people only come from the generation they are born into to a certain degree – I believe it’s more about the individual, their personality and upbringing. For example, I know some Millennials who show many stereotypical characteristics of a Baby Boomer like me, because of their upbringing. Things like being focused, goal-oriented and hard- working, and they talk less about work-life balance, values, entitlement, in the way that stereotypes of Millenials suggest. However, cultural experiences can be associated with the times into which a generation is born, and of course we’re all affected by societal, economical and political trends.
Lindsay: Michelle, would you agree that when we say Millennial, Baby Boomer, Generation X, really we’re just talking about timeframes, and that the differences are purely down to individuals?
Michelle: Not necessarily, but I agree with Esther that there are a lot of similarities between generations. However, I do think there are differences as well, in that attitudes, values, and beliefs have changed.
Esther: Surely, though, Baby Boomers, Millennials, whatever, are just marketing terms. They’re useful when people want to describe personas as a way of understanding marketing demographics, but I’d rather say ‘younger generation’ and ‘older generation’ because the extremes in values and behaviours are between older people and younger people in the workforce. And I think the main differences are caused by technology. Millennials are used to Googling everything, having all the information at their fingertips. It makes them ‘experts’ immediately, they’re very quick to pick things up. People in older generations tend to move slower. But while we may not be as quick with technology, I think we bring insight and experience to the table, which Google can’t give you.