The majority of the workforce is made up of millennials and Generation Z employees, but executive teams skew dramatically older. Organizations that lack intergenerational diversity among top leadership may turn to past strategies rather than seeing fresh options for handling new challenges. Three age-diverse collaboration strategies can strengthen innovation and decision-making capabilities: consultation, shared decision-making, and intergenerational leadership pipelines. Today's workforce spans five generations, with millennials and Generation Z together accounting for over 60% of workers globally ' a share projected to reach 74% by 2030. Yet there's a widening intergenerational gap in business leadership. While age diversity in the workplace is growing, decision-making power increasingly rests with more senior generations. The average age of CEOs at S&P 1500-listed companies has risen significantly over the past several years, from 54 in 2008 to nearly 59 in 2023. Only 5% of...
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