Millennials and Leadership Development
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photo credit: Todd photography
By Sarah Flores
Entering a new company or organization can be intimidating and invigorating all at the same time. As more and more millennials enter their careers, the workforce will begin to change its usual ways. Employer’s and mentors must progressively welcome and encourage new ideas from the newcomers. According to the U.S. Bureau of Labor Statistics, it is predicted that by 2030 millennials will make up 75% of our workforce. Although millennials may have a different approach to operations, it is important that we all learn from each other. Millennials bring fresh new ideas, but also seek guidance from leaders to eventually turn themselves into the leaders of an organization or company.
A study conducted by Deloitte, a professional services firm, found that 71% of Millennials that leave within the first 2 years felt their leadership skills were not being fully developed. However, that percentage decreases to 54% for those who stay more than 5 years. This shows not only does supporting leadership development help to retain employees longer but also helps to increase their satisfaction in leadership development. As we look at these numbers, 54% feeling their leadership skills are being underdeveloped is still a concerning number. We as current leaders and mentors must take it upon ourselves to guide the leaders of tomorrow.
The Center For Purposeful Leadership works to help leaders become leaders that listen and make a positive impact on their employees. The workplace is always changing; we are here to help guide and adapt. Check out more insight to Millennials values in the workplace to see how you can incorporate a leadership development plan to grow your employees professional and personal life here: The 2016 Deloitte Millennial Survey.
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