Steve: To some extent – the question is whether it’s more true now than at any time in the past. By definition, younger people are at a different stage in their lives to older workers. They are likely to be more mobile, less tied to a geography or an employer and more willing to take career risks. Yet, those things are just as true now as they were 50 years ago and it’s a dangerous stereotype simply to assume the latest generation is fundamentally different.
It always strikes me as a somewhat flawed generalisation to attribute the same characteristics to a specific generation based on birth year. There may be some truth in it (possibly due to confirmation bias), but other factors such as culture, upbringing, education, our parents and our ethical values all have a powerful influence on who we are and what we want from working life. There are 20 year olds who act more like stereotypical 60 year olds and vice versa!
The problem is that these simplistic generational boundaries can lead to lazy people management - employees are not a homogenous group and organisations shouldn’t make assumptions on how to treat people at work based on when someone was born. Employers should recognise that differences exist, but they are not necessarily based on birth year. The good news is that we seem to be moving towards a much more personal, individual understanding of each individual, rather than trying to put people into generic categories and assume all 25 year olds act and think the same.