HR Elements | Generational Myths Part 3: Gen X - Bim Group

HR Elements | Generational Myths Part 3: Gen X

Today’s offices potentially span five full generations ranging from Generation Z to the Silent Generation. A coworker could just as easily be raised with a smart phone in hand as they could have used a typewriter at their first job. Some see differences between generational colleagues as an annoyance (“kids these days!”) and many rely on generational stereotypes as fact. Truth of that matter is that generational stereotypes have about as many holes in them as a piece of Swiss cheese. Current research questions the validity of generational stereotypes. This series uncovers top generational myths as a strategy to support a diverse and healthy employee population.

Next, we analyze the smallest generational group, born between 1965 and 1980: Generation X.

The top three myths of Gen X include:

  1. They are “risk takers.”

Some believe that this group is characterized as being reactionary and rebellious. In fact, Generation X keeps a much lower profile at work. This group was called “the forgotten generation” by Pew Research. Why? Because they are a smaller group smashed in between two larger generations (Millennials and Baby Boomers). Additionally, they are the generation least likely to be promoted at work. A 2018 Harvard Business Review study concluded that Millennials and Baby Boomers had received two or more promotions in the same period that 66% of Gen X received one or less. Gen X was raised hearing their parents complain about “work-life” balance. Truth is, they are the group most likely to be helping their children and parents in addition to work. This group is a reliable bunch who values loyalty.

  1. Gen X has a hard time relating to other generations in the workplace.

While some say that Gen X alienates other generations, this couldn’t be further from the truth. Nielsen research called Generation X the “most connected” generation. Technology adaption played a huge role in their ability to bridge the generations above and below them. Most were not introduced to technology until adulthood. This lack of computer access in their youth helps them relate to boomers in the office. At the same time, they share an excitement for technology with Millennials and lined up alongside them to get their first iPhones. Generation X are natural collaborators and often play the role of connector in the office.

  1. Their pessimism hurts them in the workplace.

Gen X has worked through several hefty recessions and watched their retirement accounts take devastating hits. Experian reports that Generation X carries more debt than other groups and data from the National Association of Realtors showed this generation more likely to be declined for homeowner loans. So, can you blame them for being cynical? However, a closer look uncovers a different story in the way this shows up at work. Generation X is savvy because of these hardships and surprisingly content. In fact, a Better Hire survey concluded that more than 50% of Generation X participants are happy at work. They show up with an entrepreneurial spirit, owning their own destiny.

In sum, Gen X values stability rather than risk in the workplace. They play an important connector role at work with colleagues and at home with their families. Gen X has “been there, done that” and uses these lessons to make work enjoyable. They are an important piece in the generational puzzle.

Next up? Our final step in the generational series are our friends the Baby Boomers.

Learning to Say No

Relationships are key at work. Case in point – the people you work with are likely a big reason you took your role and may be the reason you left your last job. In fact, research shows that 75% of employees leave jobs because of one person – their boss. So, it is not a reach to say that most workers want a good bond with the people they’re with for eight hours a day. This is one of the reasons that saying “no” at work can be so difficult. At times, declining a project or request can feel like a career killer. However, if U.S. employees have learned nothing else during the COVID-19 pandemic, it is the need to draw boundaries between work and home. And this involves saying “no.” You can do this while maintaining positive relationships by evaluating your options, offering alternatives, and asking for help reprioritizing.

It is easy to get in a slump of automatically saying “yes” to all requests coming your way without concern for how it will affect other projects and deadlines.

It can be just as easy to fall into a trap of always saying “no.” These extremes can be taxing on you and your relationships. Saying “no” at work is hard but needs to be done to maintain sanity, give space for your priorities and not turn you into a “dumping ground.” Instead of falling back on your gut instinct, evaluate requests coming your way. This may mean you actually ask for more time to consider if you are able to contribute. It also means that you need to speak up with any questions that can help you figure out how they fit into your objectives, schedule, and other commitments. The good news is that after evaluating, you can respond with confidence. Declining is a lot easier when you have assessed the situation and can clarify why this particular request in not attainable. This level of honesty will also aid in establishing trust with your coworker or supervisor.

Saying “no” can feel abrupt to someone who prides themself on being a team player, always ready to step in.

An option that can help soften the blow is to offer alternatives. Is there another colleague who you have coached and can recommend for the project? Is there a part of the task that you can achieve that takes less time and resources? Can you offer to help at a later date or time? These options may be received better by the listener because they may take the shape of saying “yes” for something else. The recommendations also help move the project ahead without you taking on the full workload.

Finally, there will be situations where the project is of utmost importance or offers an incredible opportunity for you to work on personal goals and objectives. In these situations, you may want to figure out a way to say “yes,” but this may mean shifting priorities off other projects. A good first step is assessing your current projects to see if something else can be delegated or moved to a later date. If so, you will need to communicate these shifting priorities (which, in theory, is another version of saying “no”). Before following through, it may be smart to ask for your manager’s counsel to ensure you are on the same page. Asking for support also provides your manager with insight into what is on your plate which may not be front and center otherwise.

Learning to say “no” is a skill that must be developed in the professional world. Everyone has objectives they are trying to meet, and your goals may go out the window if you always jump in to help others. The good news is there are many ways to say “no” and maintain good relationships with those around you. Like any other skill, this takes practice. And if you have been a “yes” person in the past, just know that others around you may be thrown off by your initial negative response. This takes time, too, but is an important step in you developing this new aptitude.

 

Recent Insights

May 4, 2022
News

The IRS Releases 2023 Limits for HSAs

The IRS just released 2023 limits for HSAs, HDHPs, and EBHRAs. The 2023 HSA limit increases are in response to our country’s recent spike in inflation, with rates increasing at a 40-year high. The 2023 HSA limits were announced as part of Revenue Procedure 2022-24 The new 2023 limits are: HSA Single $3,850 / Family $7,750 per year […]
Read more
May 4, 2022
HR Elements

HR Elements | Generational Myths, Part 4: Baby Boomers

READ TIME: 3 MINUTES Today’s offices potentially span five full generations ranging from Generation Z to the Silent Generation. A coworker could just as easily be raised with a smartphone in hand as they could have used a typewriter at their first job. Some see differences between generational colleagues as an annoyance (“kids these days!”) […]
Read more
May 4, 2022
Affordable Care Act (PPACA)

Treasury Proposes Rule to Alter ACA Affordability and Minimum Value for Marketplace Premium Tax Credit Eligibility

READ TIME: 4 MINUTES The Department of Treasury recently issued proposed regulations to modify the rules for individuals to qualify for premium tax credits (PTCs) to help pay for Marketplace health coverage effective for tax years beginning on or after January 1, 2023. The new rules, if finalized, will base PTC eligibility for an employee’s […]
Read more
May 4, 2022
Compliance Alert, HHS

HHS Releases Notice of Benefit and Payment Parameters for 2023 Final Rule

READ TIME: 3 MINUTES The Centers for Medicare & Medicaid Services (CMS) has released a final rule along with a fact sheet addressing the benefit and payment parameters for 2023. According to CMS, the 2023 benefit and payment parameters final rule seeks to strengthen the coverage offered by qualified health plans (QHPs) on the federal […]
Read more