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Gen Y by Year 2020 Will Make Up 33% of The Global Workforce

Gen Y

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Gen Y by Year 2020 Will Make Up 33% of The Global Workforce

By 2020 Gen Y will make up a third of the global workforce. Every quarter, more millennials move up the management ladder — climbing closer to CEO, and other C-Level,  roles.

According to 15Five —a performance management solution that makes continuous employee feedback simple —Boomers and Gen X need to communicate their hard-earned wisdom and meet millennial needs such as career growth and professional development.

Chances are your company has a millennial standing at the door of upper-level management. Here’s how to teach them to lead effectively:

#1: GIVE CRITICISM, BUT KEEP IT CONSTRUCTIVE

Research shows employees who receive feedback on weaknesses are 20x more likely to be engaged, while those who receive feedback on strengths are 30x more likely to be engaged.

41% of millennials say they want feedback at least once a month, but keep your criticism constructive.

#2: PROMOTE CREATIVITY, BUT ALSO SWEAT THE DETAILS

Millennials are mission-driven. This spurs innovation but also breeds disdain for routine work. Give creative leeway, but make it a point to keep your mentee focused.

#3: MENTORSHIP AIN’T BROKE, DON’T FIX IT

The mentorship model is timeless, not old-fashioned. Most millennials interested in leadership still believe mentorship works.

#4: COMMUNICATION IS GOOD, PROCRASTINATION ISN’T

Millennials’ phones are extensions of their hands. Take advantage of your millennial protégé’s tech fluency, but also set boundaries on phone use during work hours to create space for deep work.

#5: LISTEN, BUT PUSH BACK TOO

Millennials grew up with the ethos all opinions are valuable. Recognize your millennial employees’ contributions, but make it clear that convincing ideas are backed up by facts.

15Five provides cutting-edge employee feedback and performance management software to help employees learn and grow, and to help managers become mentors — regardless of the age gap.

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