The Business and Professional Women's Foundation released a brief examining today's multigenerational workplace. The paper reveals challenges young "careerists"--defined by BPW Foundation as individuals between the ages of 21 and 35--are facing in today's workplace.

The report states that because Millennials were "raised in an environment where they were told to pursue their passions . . . [they] tend to be more confident and willing to take risks." Many college campuses have noticed this trend and are offering entrepreneurship courses that hone the skills needed for success.

The report also points out young careerists' frustration and disillusionment with their careers. It suggests that many find workplace environments boring, antiquated or restrictive. In contrast, baby boomers came from a different social and business climate and have different experiences, skills, values and ways of communicating than their younger colleagues.

Understanding the generational differences in lifestyles and attitudes is key to maintaining a successful workplace. For example, while a young careerist might be focused on personal work-life effectiveness and establishing a firm grounding for his or her career, a baby boomer manager might have additional responsibilities, such as caregiving for both children and elderly parents.

The report recommends that more research be conducted to help employers meet the needs of their multigenerational work force. For a copy of the brief, visit the BPW Foundation website.