As of 2016, millennials became the largest generation in the workforce. In 2020, they’ll make up over half of all workers. But what is it about them that will make great leaders?
In the wake of this shift, we’ve seen a rise in the number of millennial managers as businesses become more and more influenced by a younger generation who can make decisions that shape their workplace.
Since CALLCARE employ so many fantastic millennials, they asked the question: what does the future look like with “80s and 90s kids” at the helm of the labour market? And if you’re just at the beginning of your career, what can you do to get to an influential position before your early 20s are over?
While Generation X have seen their own ideals dictate business practices around the world, millennials are bringing about plenty of disruptions to the status quo.
Career development coach Leo Aspden says millennials have qualities that can make them genuinely great managers.
They define success differently
While many Gen Xers prioritised a competitive salary, millennials have a different focus. Young people are becoming less motivated by money, and more bothered about securing a fulfilling job,” says Leo. “Finding fulfilling work can help you be present in your job, deal with stress, and avoid burnout, which really shows in your performance.”
Millennials’ dedication to finding work satisfaction means they can quickly leave roles they don’t enjoy. This is actually good for businesses; rather than continue to perform poorly, millennials will leave a job they hate, and if they find one they love, they’ll work hard to get it done properly, whatever they’re earning.
They want to create a fair and democratic environment
When surveyed, 75% of millennials said they thought businesses should be flexible enough to help employees achieve a good work-life balance. Millennials are also working together to destigmatise mental health issues, seeing them as just as important as physical illnesses.
Leo emphasises the importance of having this kind of emotional intelligence if millennials want to ensure they have a strong career. “For those who want to secure and keep a leadership position,” Leo explains, “it’s crucial to possess awareness of how their own emotions and actions may impact others.”
This is especially important with a growing millennial workforce, he says, “as the younger generation is now favouring a less authoritative management style.” Which is true: research conducted by American Express found that millennials would like to base their leadership on democracy and run flatter organisations than previous generations.
They care about everyone’s development
“For those seeking a management position at a young age, self-awareness of what is needed in terms of any personal learning and development is crucial,” says Leo.
Millennials already exhibit a strong belief in the power of lifelong learning: 94% said that employee development is the number-one area they would invest time and money into as managers, seeing it as a crucial factor in determining the success of a business.
Leo also emphasises the importance of self-development. “Any gaps in skill set should be filled in order for that step up to management level to happen,” he says. “Those that are able to recognise their own strengths - and equally, weaknesses - will be able to make that step more quickly.”
These radical shifts in focus are proving to be instrumental in making it easier for young but talented individuals to bring great ideas to the table, have their efforts recognised, and rise through the ranks quickly.
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