HR Management & Compliance, Learning & Development

What to Expect from Millennial Leaders in Coming Years

Millennials (those born between 1981 and 1995) now make up a majority of the workforce, according to Pew Research. And as more Baby Boomers (those born between 1946 and 1964) retire and Generation X moves up, and Generation Z (those born between 1995 and the early 2000s) starts entering the workforce, Millennials will begin to take on most leadership positions across industries in years to come.Millennial
A striking 91% of Millennials aspire to reach leadership positions in the coming years. And here is what you can expect from them.

A More Practical Pessimism

Millennials in the developed world have a somewhat pessimistic outlook. Only 36% of Millennials in the developed world believe they will be financially better off than their parents, and only 31% say they’ll be happier. However, they do think that they can use business initiatives to alleviate some of society’s biggest challenges, worldwide. So, while they are a bit pessimistic, they do believe they can use their careers and leadership positions to do something about what they feel pessimistic about.1

Business with Social Initiatives and Real-World Impact

Millennial leaders will feel accountable for what is going on in their workplaces and in the wider world. They are highly likely to sponsor workplace programs and initiatives that directly affect their local markets and communities in a positive way. They believe in “good causes” and will incorporate ways to give back and drive positive change through their work environments. 1

Transparency, Plain Talk, and Inclusiveness

Millennial leaders will have a desire for inclusiveness among their employees and will try not to let anyone feel left out. And they advocate for more transparent communications, where employees are often included in the decision-making process. They expect leaders to be held accountable to their employees and stakeholders.

Reliance on Data, Metrics, and Feedback

As leaders, Millennials will rely on data about their employees and their employees’ performance to help them plan and create programs and initiatives. And they will use real metrics when strategizing goals and providing feedback to their employees.

Focus on Career Development

Eighty-seven percent of Millennials see jobs as development opportunities, so they will invest heavily in development training programs for the next generation. And they will increase opportunities for their own development, as well. They are adamant about working for a purpose and don’t want to just collect a paycheck.

Emphasis on Workplace Flexibility 

Overall, Millennials see real value in allowing employees to work their own schedules and from remote work locations. They will be much more comfortable with flex work programs and hiring freelancers and contractors, too.
Keep the above expectations in mind as Millennials begin to fill a lot of leadership positions in the coming years.

  1. The Deloitte Millennial Survey 2017. Accessed 3/23/2018.

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