esource: Formulating Leadership Part I Grading Guide

Your company’s Vice President of Human Resources has approached your team for assistance in recruiting and developing your organization’s future leaders. 60% of your company consists of millennials, and your team has been charged with how to successfully increase the number of millennials as leaders in your organization. At this time, senior management is reluctant and uninformed as to how they should promote the millennials as leaders. This first step is to create a plan.

Write a 525- to 700-word summary in which you:

Examine the best practices that your team can cultivate to enhance the number of millennial leaders.
Explain how you would present this information to senior managers in your organization.

Cite a minimum of two references other than the text.

Format your paper consistent with APA guidelines

ANSWER

Formulating Leaders

According to Statista, in 2019, millennials are recorded as the largest generation group in America, with an estimated 72.1 million (Duffin, 2020), surpassing the baby boomer generation, and accounting for 50% of the workforce. This means that in the corporate world, a dominant generation in the workplace would include the millennial generation involving individuals born after 1980. Therefore, in companies and businesses where the largest number of the workforce describes millennials, there is a need to ensure they are well equipped and strategically represented in the management and leadership positions. However, integrating millennials in leadership positions may be faced with challenges requiring changes. A prominent defining feature among millennials is the technology that surrounds them. Companies should integrate and incorporate the latest technologies, as it is a tool to attract and maintain millennials in the workplace. Millennials are more comfortable in companies with current technology and collaborative work (PWC, 2020).

Secondly, changing the work style and integrating practices that match a leader’s style with the present leadership situation is crucial. Millennials prefer working in milieus that promote innovation accompanied by adaptability and flexibility in management and leadership styles over old and rigid management and leadership styles. Millennials seek to contribute and maximize their engagement in the workplace. In that case, companies should provide future millennial leaders with arenas to expand their knowledge through training and development, integrate current technology, adaptable-flexible work styles, and supportive working environments that complement their flexible and adaptable styles, and a room for feedback. This will enhance the number of millennials and build a strong foundation for building future leaders.

The presentation of this information would be facilitated in two ways: oral dissemination while using a PowerPoint presentation and presenting the senior managers with extra reports, prior the actual day. The reports will contain additional information such as the unique characteristics of the millennials, and statistics of millennials as a general population estimate, the number of millennials comprising the USA workforce, and future projections.

References

Duffin, E. (2020, September 23). U.S. population by generation 2019. Retrieved from Statista: https://www.statista.com/statistics/797321/us-population-by-generation/

PWC. (2020). Millennials at work Reshaping the workplace. https://www.pwc.com/co/es/publicaciones/assets/millennials-at-work.pdf.