Generations X and Y in the labour market in the Czech Republic

Abstract

The paper deals with the topic of behaviour of Generation X and Generation of Millennials (also known as Generation Y) in labour market. In the near future it is assumed that the labour market will be formed particularly by these two generations. Millennials are still the most numerous generation and they are expected to from the major part of the global labour force in the coming years. The working behaviour of representatives of these generations can have specific features and this is closely linked with tacit knowledge because the final behaviour of workers is preceded by their specific thinking, belief, use of experience, abilities, and so on. The specifics that result from the differences in tacit knowledge between Generation X and the Generation of Millennials can be reflected in the need for a different way of managing this knowledge effectively as well as in the different ways of leading people representing these two generations. Organizations focusing on effective work with such tacit knowledge in creating a strategy should accept these specifics between generations. This paper presents the results of the analysis of existing foreign research dealing with this topic and the proposal of methodology for research of this issue as it affects the labour market in the Czech Republic.