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IT IS TIME TO REALIZE GENERATIONS MATTER ON THE LABOUR MARKET. INTERESTING FACTS ABOUT GENERATIONS IN THE WORKPLACE

We live in a world where companies are directly affected by a series of changes. The paper aims to analyze the impact that the demographic factor has on companies with an emphasis on the labour market. From this perspective, the article will highlight the accelerated changes among generations. The objectives of the paper are as follows: (1) To analyze the characteristics of each generation - in relation to the theories existing in the literature at the moment and (2) to present a comparison between generations regarding personal and professional characteristics. The methodology used for this study is based on secondary data collection and analysis. Until now, studies have only shown the general aspects regarding generations. There are only a few studies that have begun to explore this area but they are not focusing on generations in the labour market. The preliminary results of the study are correlated to the need of understanding a multigenerational workforce as well as to position the human resource at the central level in terms of developing and implementing HR policies within companies.