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Topic : Corporate Layoffs
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Generation X vs. Generation Y : Who will survive Layoffs ?

Created by : Gargi Sinha, Senior Consultant, Hewitt Associates  | 12 11 2008 11:23:07 +0000
Industry : Human Resources (HR) Consulting
Activity:  763 views;  last activity : 07 06 2010 20:18:09 +0000

                   Generation X vs. Generation Y 

                          Who will survive Layoffs ??

Generation X is a term used to describe a cohort of people born from roughly 1965 to 1980. While 1965 remains the most common and recognized firstbirth year for Generation X

Generation Y or "Millennials or "Net Generation". Gen Y's birth years generally span those born in the 1980s and 1990s.Gen Y can be seen starting anywhere from the second half of the 1970s to the early '80s, and can end anywhere from the mid 1990s to around the year 2000.

Now that we know who belongs to GEN X and GEN Y.

Who do you think can survive layoffs ???

  
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Gen X Vs Gen Y
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I agree with Dipen and Rohit during the downturn company would like to retain their experienced staff and lay off would come on Gen Y because of less experience.

 
By Nipoon Tandon, Associate Manager HR Shared Service, Control Components Inc  12 11 2008 13:10:30 +0000
 
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Dear Gargi,

Gen Y would survive the layoffs only if they are processing transactions or the job requies high productivity. However, where it comes to service delivery and managing business GEN X would survive the layoffs because here companies would look for experience and not the young talent.

 
By Nipoon Tandon, Associate Manager HR Shared Service, Control Components Inc  04 08 2009 18:18:00 +0000
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Dear Nipoon i would somewhat agree with you that companies in tough times would like to retain experienced employees but don't you think so that they should be more focussed on the talent and knowledge of an employee rather than choosing to retain younger or experienced guys.

what do you think?
By Gargi Sinha, Senior Consultant, Hewitt Associates  | 04 08 2009 07:42:59 +0000
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Layoff is a suspension or dismissal of employees, especially for lack of work. The definition implies that the company itself is still doing business but with skeleton workforce. The decision of laying off number of employees (workers) should be based strictly on loss-profit basis. Anything which contributes to the cost of production (or running the business) would be carefully looked at.
This will take us again to laying off of employees. Seemingly, generation Y will be eliminated from the equation because of their apparent fledgling experience and their relatively high cost.
However, that should not always be the case. The more appropriate approach would consider the following:
• Cost of keeping the employee
• Cost of not having the employee
• Cost of hiring the employee again when things are back to normal
• Accurate assessment of all periodical reports about the employee

The final point is reiterating the fact that the best insurance policy for employees to keep their jobs is to work hard and be loyal to their employers.
By Ahmed Sultan, ITC, Airline Consultant  | 02 01 2009 10:39:39 +0000
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Gargi Sinha experience matters the most during the economic downturn. So the companies will layoff more unexperienced workers as they are less productive. So its obviously Gen X professionals will survive layoff not Gen Y.
By Rohit Khanna, Project Leader/Managing Consultant, Accenture  | 12 11 2008 11:52:09 +0000
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Gargi Sinha I don't agree with you that Gen X is expensive. Because Generation Y has never been thought an economic downturn, recession, financial crisis as working adults. They have been offered huge salary as a fresher as the economy was booming/strong. So don't you think they cost more than Gen X.

Gen X = high experience + high salary

Gen Y = less experience + high salary

So who do you think is more beneficial for the organisation ?? Ofcourse Gen X


By Dipen Trivedi, Project Manager, 3i Infotech  | 12 11 2008 11:49:05 +0000
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I think Generation Y professionals will survive the layoffs because they are younger and less experienced and they are less expensive because they are paid less. Companies cut high paid workers during a layoff to save more money in the short term so Gen X professionals will layoff.
By Gargi Sinha, Senior Consultant, Hewitt Associates  | 12 11 2008 11:24:13 +0000
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