Inspire Magazine, The Møller Institute: Issue 4, Leadership Mindsets, p. 16
Next Generation Leadership: How To Ensure Young Talent Will Thrive With Your Organisation
- Adam Kingl
We are on the verge of a seismic shift in a world of work. Why are we toil, the employer-employee social contract, leadership, retirement and the nature of business itself are changing before our eyes in ways as least as significant as what humanity and served in the early days of the industrial revolution. And it all starts with understanding Generation Y.
Generation Ys (or Millennials), are youngest workers have been slandered for a decade. You’ve heard the accusations before: Gen Ys are indolent, spoiled, coddled, uninterested in climbing the corporate ladder, ever texting, indifferent about what it takes to succeed. Those who aren’t quite so critical merely laugh off these generalisations saying, ‘Oh we were like them when we were young too.’
In reality, to be so dismissive us to ignore macro-trends that have forever altered fundamental models of work and employment.
These trends include insecure retirement, the failures of shareholder capitalism and longer lifespans. What we observe in Generation Y is merely the first, widely shared rejection of their inheritance—the world as we know it.
This rejection manifested itself in what confounds, annoys and terrifies human resources department the world over: scarce loyalty to one’s employer, a trivialising of financial benefits, a hue and cry for work-life balance, a craving for constant development, and an insistence on a powerful, shared, authentic corporate purpose. Kingl’s research in his new book Next Generation Leadership explores what’s behind these shifts in the character of the emerging workforce and the implications for how we might need to manage and lead differently today. How might we recruit, retain and develop top talent?
Most importantly, if Gen Y indeed requires a different style of leadership, then as Gen Y assumes managerial positions themselves, then the nature of leadership and of business itself will also change over the next few decades in irrevocable and profound ways.
“Nuggets of gold which challenge the way we should lead our multi generational teams / organisations.”