Over the next decade, as Gen X starts to retire and Gen Z starts graduating from college, Gen Y will take over as the majority in the workforce. For those leaders who haven’t worked a lot with Millennials, there are a few changes they may need to make when managing this up and coming group.
They care about more than money
While money is obviously a factor for anyone in any job situation, it’s usually not the main focus for Gen Y. The work they’re doing, passion, atmosphere, and work culture are all more important to this generation. The “old school” office culture isn’t as appealing to new talent as it used to be.
They need a leader, not a manager
Gen Y has a bad reputation for not respecting authority. Don’t manage like a king holding a title over their head. Instead of being commanding and demanding, be an approachable mentor that can be a source of guidance for your younger employees. And always give feedback whether it’s good or bad.
Teach and develop their passions
Millennials aren’t necessarily trying to climb straight up the corporate ladder. Teach them new skills and figure out how you can best help them develop into their best self. They aren’t scared of trying new things, so try to find an area where they’re passionate so you won’t have to replace them when they leave for a position more aligned with their goals.
