Business & Education
3 Things Companies Can Learn from Millennials Way Of Management
Millennial Employees are widely dominating the workforce, both with numbers and results. Soon, most of them will be running those companies as well. This makes it crucial for top management to pay attention and understand their millennial workforce better.
A survey of over two thousand global leaders and millennial managers by AmericanExpress to understand the ways in which businesses will change as millennials rise to senior management roles found that CEO of the future will require navigating tensions and opportunities created by their values as well as behaviors while managing their companies.
So, what sets millennial managers and their management apart from rest of the generations.
#1 Brand Consciousness
Millennial managers are keener on making their company a brand than managers of any other generation. Reason behind that is simple. They have deeply lived and witnessed the social media era. This means they are accustomed to fine-tuning not only their personal brands but also personalizing their management techniques. Not taking on the cookie-cutter role of a traditional boss they explore new styles, while largely embracing their own unique style – a key information for top management of every company.
#2 Evolving Corporate Culture
They are not only the eyes behind the evolving corporate culture but are also the propellers behind it. Having said that, the future of work will not be a forty-hour nine-to-five workweek, but a rather casual, flexible one. If we talk about the present day, millennials are already redefining the meaning behind what’s “appropriate” at the work place, by challenging the established norms. A great example of that is paternity leaves.
#3 Work Life Balance
It is crucial to note that millennials respect the importance of work-life balance and completely understand the fact that happy, healthy employees will produce better results and stay associated with a company for longer.
#4 Advancing Skills
It is important for millennial managers to stay on the top of their game. Mostly because many of them graduated in a poor economic climate and found success after great efforts. Concisely, they don’t settle for less. If they see an opportunity, they would grab it. And if succeeding in a particular task would require enhancing the skillset, either for themselves or their subordinates, they won’t hesitate in making the arrangements.
#5 Establishing Credibility
Millennial managers are good listeners who value information and new ideas. This is one of the many ways in which they establish credibility among superiors, peers and subordinates. Another way, is by asking powerful questions.
Information about millennial managers and their way of operating is crucial data and can help top management immensely in creating future plans and building strategies for the overall growth and success of their company. Millennial generation expert such as Jeff Butler who has a decade of psychology research and has helped fortune 500 companies across the United States, are the best source to learn about millennial managers, their role in a company’s success and millennial retention strategies among other millennial related matters.