When I started at Boyette Strategic Advisors, the only experience I had in economics was an ECON 100 class that I got an A- in. But hey, they say C's get degrees and it didn't seem to hurt my chances of getting a job with Del. I really didn’t know much at all about economic development or strategic advising, but I knew it was time to hang up my sandals and tank tops and find a job other than working as a summer camp counselor.
"The biggest trend hands down in every sector that we work in is having the workforce to meet the needs of the company in the short-term, mid-term and long-term over the next 25 years," said Del Boyette, president and CEO of Boyette Strategic Advisors, a consulting firm with offices in Atlanta and Little Rock, Ark. "You can have all the infrastructure in place, the perfect building and the perfect site. But if you don't have the workforce to support that business unit long-term, then the investment cannot be made at that site," he said.
Americans are not only living longer, but they are also working much longer than in the past. In the 21st century workforce, five generations—from the Silent Generation to the GenZers—are all sharing the workplace at the same time. While these more experienced workers of the earlier generations are valuable role models for younger workers, the Silent Generation and Baby Boomers are staying employed for years past traditional retirement age.
For the Millennial generation, it seems that death and taxes are no longer the only certainties of the world. As of 2017, Millennials bear the highest student loan debt burden compared to any other generation, and with Gen Z close at their heels in joining the workforce; the fears of paying off student loans will only increase.
As Millennials—the quick-learning and young go-getter generation that revels in its creativity—begin to become established in the workforce, the Boyette team has gone one step further by embracing a member of Gen Z to their team. I’m Robert Stodola: a Gen Zer, a native of Little Rock, and the newest member of Boyette Strategic Advisors.
Although some companies would like to see federal environmental restrictions loosened, most customers and employees today want companies to be more sustainable, producing more environmentally and socially responsible goods. This is a challenge facing some CEOs today.