According to tED Magazine, the Millennial generation, defined as those born between 1977 and 1998, will make up 50% of the world’s employees by 2014. Many of these employees are assuming management roles at increasingly younger ages than ever before in the United States. These new leaders differ from the previous generation, Generation X, in strengths, values and leadership styles. tED Magazine also comments that older generations may have mixed feelings about the Millennials, but this new generation of management promises to bring the skills and new ideas necessary to guide the workplace into the future. Below are additional perspectives on this topic from Forbes, UNC and Mashable.com.
The Future of Leadership
This tED Magazine article provides an electrical industry perspective on who the Millennials are as workers and how they function as leaders. The Learning Café, a consulting firm specializing in learning solutions for businesses, interviewed 50 Millennial managers and emerging leaders in the electrical industry. Participants were asked a fundamental question, “What will make your generation of leaders different from previous generations of leaders?” Read the tED Magazine article online on p. 52 to learn more about Millennials>
University of North Carolina’s Kenan-Flagler Business School and the Young Entrepreneur’s Council, a nonprofit organization that promotes entrepreneurship as a means to overcome youth unemployment and underemployment, teamed up to compile research on how to nurture this idealistic, social and entrepreneurial generation. Together they created an infographic that details the “who”, “how” and “why” of managing Millennial in the workplace. This infographic also received coverage from Forbes and Mashable.com. View the infographic on the MBA@UNC Blog>
The New Millennial Values
This Forbes article examines new Millennial values and how leaders of other generations can utilize these values in the workplace. With the Millennials rapidly entering the business world, business leaders realize the importance of understanding who Millennials are, what they want, and how to keep them at their company. Read the Forbes article online>