Developing Creative Leadership for the Next Generation
Today’s workforce is dominated by the 78-million strong baby boomer generation. But that’s about to change. An estimated 40-percent of baby boomers are eligible to retire in the next two years, but are there enough qualified workers and leaders to fill those vacated positions? Generation X, the workforce waiting in the wings to replace the boomers, is populated with only 58 million people. As baby boomers begin retiring, there may not be enough Gen Xers to fill that gap.
Generation Y / Millennials (born 1980 – 2000) Collaborative; team minded; wants to be friends with co-workers; technology and media savvy; multitaskers; want flexibility in scheduling Integrated and connected; are the largest generation; may have a double-digit number of careers in a lifetime.
For organizations to survive in the coming years, it will be imperative to create a collaborative partnership between these generations. Future leaders will need frequent coaching and feedback as well as instant gratification. Companies will need to invest in teaching emerging leaders managerial and leadership skills.
According to Kathy Goodin-Mitchell, a director of Human Resources for PPAI, “Companies that succeed will recognize the fact that skills and talent are very valuable…If you want to cultivate that talent, you have to learn what makes [younger generations] tick. If you can work with them, mentor them and really appreciate what they bring to the table, then they will be important leaders in a company.”
To understand more about the Talent Gap, and what you can do to prepare your organization for the future, contact Xponents today and learn about our array of products and services aimed at tapping into the values, vision, purpose, and mission of tomorrow’s workforce. Call today: 303-238-9733.
* as reported by PPB Magazine