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The Board-CHRO Partnership in Overseeing a Multigenerational Workforce
For the first time, companies in the United States are navigating a workforce composed of six distinct generations, each bringing unique experiences and expectations. This unprecedented demographic shift presents both profound complexities and significant opportunities that corporate boards can no longer afford to overlook. While often perceived as a human resources challenge, effectively managing this multigenerational dynamic is, in fact, a critical board-level responsibility directly impacting organizational performance, risk management, and long-term value creation.
This article delves into the evolving landscape of workforce dynamics, revealing how generational differences are reshaping company culture, talent retention, and leadership continuity. Discover why boards must proactively address these shifts to avoid potential pitfalls and unlock the full potential of their diverse workforce.
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Hollie Castro, NACD.DC®, is the founder of HC Advice. She is a director on the boards of Groupe Dynamite, where she chairs the human resources and compensation committee, and the NACD Texas TriCities chapter. Castro is also an advisory board member at Woba.io and of the Texas A&M University Mays Business School.
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