Empowering Millennial Leaders

Description

CPD – Continual Professional Development & Personal Effectiveness; Leveraging social networking; Building a collaborative & social culture; Keeping technology at the forefront; Benefits of Reverse Mentoring; Difference between a Coach & a Mentor; Tips for Mentors & Mentees; incorporating Reverse Mentoring within existing company mentoring programs.

Concepts Of Empowering Millennial Leaders

Millennials, those born after 1977 and in their 20s and early 30s today, also are known as Generation Y. Individuals from this generation will begin leading your organizations in the next couple of years, and moreover, soon will represent the greatest portion of your total employee population.

Millennials are changing the rules of the world we live in and the places we work. They are creating new business opportunities for organizations everywhere. Our research identified at least three. Millennials are keen to:

  • Maximize technology utilization for on-demand information
  • Spur and embrace change
  • Grow global exposure and experience

High-performing organizations respect the new business opportunities Millennials bring and are open-minded to their new ideas and fresh way of working. They are accelerating their development in fashions that align with Millennials’ values and the new opportunities they bring.  Survey research and interviews with executive and senior business leaders offered keen insight on leadership gaps, especially related to Millennials:

  • Organizations do not see accelerated development of Millennial leaders as important. Just 20 percent of organizations surveyed identified the Millennial leader segment as critical for development over the next 24 months.

  • Technology should be better utilized to appeal to the development desires of Millennial leaders. In the eyes of Millennials, education and technology are inseparable. But technology-based development approaches rank in the bottom 10 of most frequently used leadership development delivery methods.

  • Organizations are not investing in coaching and mentoring of Millennial leaders. Millennial leaders crave advice and insights, particularly from senior leadership. But, on average, just 7 percent of organizations invest in offering Millennial leaders coaching, mentoring, and dedicated time with their CEO and other senior leaders.

Key Points

High-performing organizations are taking at least four crucial actions to engage Millennials and prepare them for success:

  • Coach and Praise
  • Offer “Tours of Duty”
  • Keep Technology at the Forefront
  • Build a Collaborative and Social Culture

FAQ's

How can Millennials promote leaders?

5 Effective Ways To Prepare Millennials For Leadership Roles
  1. Challenge millennials so they can improve their technical skills and experience. Millennials are often confident about their softer skills. …
  2. Prioritize communication and transparency. …
  3. Offer regular feedback. …
  4. Give them leeway, but make them justify it. …
  5. Match them with a mentor.

How do you prepare future leaders?

Here’s some advice on how to implement such a program:
  1. Rotate people through different jobs. …
  2. Challenge them with unfamiliar jobs. …
  3. Create mentoring programs. …
  4. Ensure participants get frequent feedback and coaching. …
  5. Tap veterans’ advice. …
  6. Allow participants to wash out.

What makes a person a millennial?

Generation Y Definition. The term Millennials generally refers to the generation of people born between the early 1980s and 1990s, according to the Merriam-Webster Dictionary. Some people also include children born in the early 2000s.