The future of business will be radically different than enterprise today.
Why? Not because of technological change, as you might think, but because millennials will dominate the workforce and the leadership ranks.
And because they’re bringing with them ideas and practices unlike anything seen by previous generations. These will shape how leadership works in the future in new and profound ways.
Is your organization prepared for the wave of Millennial leaders that will soon flood every industry?
Here are a few things you should know about what Millennials bring to the table.
Millennials want to be leaders
A 2015 survey conducted by Virtuali and WorkplaceTrends.com discovered that 91 percent of all Millennials in the workforce aspire to be leaders.
However, their vision of leadership encompasses a different definition than what traditionally comes to mind.
Nearly 50 percent define leadership as empowering others to succeed, and more than 60 percent view a leadership role as a chance to challenge and inspire others to work with a sense of purpose.
In short, Millennials tend to embrace a broader view of what leadership is—and how they want to lead.
Millennials want to build communities
A work environment united by a shared vision and a healthy work-life balance matter greatly to Millennials. They are not just in it for the money; they also value working with great people. Millennial leaders will embrace and thrive in collaborative environments. Networking ideas creates a sense of community for them and they leverage this sort of environment to achieve greater results than what might be possible individually.
Millennials espouse unconventional ideas
Social media has convinced many Millennials that a single voice can make a big difference.
They are driven to make their voices heard. This trait means they are often driving forces for change and innovation within the companies in which they work. Millennials often possess the idealistic goal of making a permanent impact on the world around them. They are not here to simply punch a clock and then head home. They strive to improve their environment.
Millennials want to learn
Gaining skills and experience is typically important to the vast majority of Millennials. Mentoring or coaching can make a positive impact on these young leaders-in-training. They want to learn the ropes. They thrive on asking questions, tackling challenges and pushing ahead to uncover a solution that works.
Thorough assessments during the hiring process can help your organization determine which candidates have the highest learnability potential (i.e., the ability and desire to learn) and help you identify what areas new Millennial leaders need to grow in—and, with mentoring and coaching, you can help them reach those goals.
Millennial leaders are on their way—are you ready to embrace them in your organization?
It’s easy to see how Millennials are wired to foster change—and also how they might represent a threat to the status quo.
You can be forward-thinking by recruiting and training Millennials now, so you are better positioned for what lies ahead when they step forward and take on future leadership roles. Millennials will define how leadership looks in the future, so mining this generation for the best it has to offer will ensure a bright future for your organization.