A shift in leadership styles may be coming to the workplace as millennials advance through the office ranks, Hannah Morgan reports for U.S. News & World Report.
Ninety-one percent of millennials say they want to lead—and more than half of those aspiring to leadership are female, according to a new study from leadership training and consulting firm Virtuali and WorkplaceTrends.com.
Adding more women to your board affects how it runs
As this generation takes on top roles within companies, work and communication styles will likely shift as well, says Morgan, who details four changes to expect.
1. Empowering others: Almost half of the survey respondents defined leadership as helping others succeed, contradicting the "narcissistic" stereotype attached to millennials, says Dan Schawbel, WorkplaceTrends.com founder. Just 5% and 1%—respectively—of those surveyed cited money and power as their top motivator to be a leader.
2. Challenge and inspire: About 60% of respondents said they want to instill their colleagues "with a sense of purpose and excitement." A focus on "meaningful work" may help companies attract and retain talent.
3. Maintaining work-life balance: Additional responsibilities accompany leadership positions, and 28% of millennials say they are concerned holding such a job will affect their time off. It is possible the new generation will foster a collaborative work environment to meet objectives and share tasks.
4. Mentors: Anytime someone moves into a new role, there is a lack of experience. Millennials say they realize they lack some skills, and 53% reported an interest in learning from mentors. Utilizing—or creating—company-sponsored mentorship programs may ease the transitions. More senior staff may benefit from the relationships as well, because younger employees may share technological knowledge with them (Morgan, U.S. News & World Report, 7/22).
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