Generations are defined as groups of people born in approximately the same period and under the influence of the same events in the environment, they have experienced certain experiences together, which is why they share the same / similar beliefs, values and attitudes. Currently the workforce is made up of four generations: Veterans, Baby Boomers, generation X and Y. Generation Z is progressively replacing Veterans. Although there is not officially adopted the age limit for each generational group, it can be stated that Veterans were born between 1922 and In 1943, Baby boomers between 1940 and 1960, generation X between 1961 and 1980, generation Y between 1981 and 2000 and generation Z between 2001 and present time. People are considered to be one of the most valuable resources of an organization and therefore diversity management can be considered as one of the fundamental organizational success factors. Multi-generational workforce offers many benefits to contemporary organizations, and managers have to use their best for creating competitive advantage. It will be more effective when recognizing different generations, their work styles and the necessary motivators to ensure employee engagement and satisfaction.