What does the published research say about developing the next generation of leaders?
What does the published research say about developing the next generation of leaders?: The next generation of leaders will be those who were born between roughly 1980 and 2000, these future leaders are known as the Generation Y. Statistics derived from U.S. Census Data, indicate that approximately one million Millennials get into the workforce annually; while roughly 40 percent of the American workforce will consist of Millennials or generation Yers by 2020 (Lykins & Pace, 2013).
According to Munro (2012) Gen Y leaders are expected to reinvent corporations as global forces, cultivate cultural intelligence, nurture decision-making intelligence and strategic thinking, and encourage long-term collaboration (Munro, 2012). Generation Y is ready to make changes throughout the world, however, the leaders must change the way they lead to adapt and accommodate the qualities and characteristics of Generation Y.
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Ultimately, the organization needs to provide leadership mentoring to the millennial generation in a much shorter time frame than was traditionally afforded. The transition into leadership for the millennial generation could be a difficult transition for an organization to navigate. However, there are some methods that can aid in easing the process.
This understanding will allow them to be proactive in resolving the conflict and aid in keeping all generations engaged. To transition the millennials into leadership an organization needs to take specific measures with respects to attracting, retaining, and developing their talent. If they do not execute on all three strategies they will not be prepared to have the millennial generation become the next leaders in their organization.
Bauer, T. (2010). Onboarding New Employees: Maximizing Success. Society for Human Resource Management, 1-17.