READING TIME: 90 Seconds
I feel we are at a breaking point or a tipping point within organisational leadership. It is certainly an opportunity point.
With 63.3% of executives retiring over the next 5 years and millennials numbering over 50% of the workforce by 2020 (PWC) it is time for organisations to invest in the future of their millennial workforce. Attracting, inspiring, nurturing. This is where your legacy will be defined and future proofing for your organisation will be assured.
My concern is validated by one survey by Beyond.com which established that HR Professionals say only 9% of millennials can lead – yes, the same people who are reshaping the economy, changing the way consumers consume and organisations do business.
Please, take action now to change this outlook for business, we have the experience, expertise and pure passion to support you in transforming your organisation. Now is the time…
Begin to invest in a leadership team of the future – by building a Mirror Board programme. This programme will increase brand loyalty and is core to Naked Leader’s promise of 3 times more value, confidence and agility for your organisation.
Hand over responsibility and let your millennial employees know why their performance on a specific project matters to the greater good. Your young people, perhaps even more so than any other generation, like to feel that the work they’re doing is making a difference – your organisation needs to be a Force for Good, internally and externally.
Build a team of leaders – Young people have a team-ethic approach and need to feel they are a valued part of the team. Within this group, young people are more open to discussing ideas and changing their points of view. They’re more curious, innovative and less rigid than their parents.
Provide a clear pathway – Millennials expect rapid career progression as they have an ambition and desire to keep learning. And they are happy that progression happens horizontally across an organisation, rather than the traditional progression of promotion upwards.
Give your young people the platform – Multi-tasking is a way of life for young people and this high energy means they require a challenging environment to be able to be successful.
From our experience, I make you this promise: they may be the highest maintenance work force, they will also be the highest performing if you as an organisation make the above choices now.
Lead Youth Advisor