We’ve all read about the uniuqe styles that millennial employees will bring to the workplace.
But how will things change once they grow into management positions?
Soon there will be a changing of the guard in many companies.
Generation Y is flooding the workplace and it’s only a matter of time until some members become corporate leaders.
The Wall Street Journal recently estimated that millennials will comprise 40 percent of the workforce by 2020,
which would make it the most populous generation.
There’s no doubt that CEOs from Generation Y will look much different from their predecessors. Here are some examples:
A focus on training
When millennials graduated from college, they were greeted by a difficult job market.
Instead of multiple opportunities, new workers were lucky to find part-time positions to make ends meet.
PricewaterhouseCoopers reports that members of Generation Y put emphasis on business skills training as result of their extended job searches.
They also point out that training and mentorship are the most sought after benefits for young employees.
As millennials climb the corporate ladder, they will be able to make on-boarding a prominent fixture in their companies.
This enhanced focus on training will lead to a stronger workforce than in previous generations.
Corporate standards and traditions do not mean much to Generation Y. While baby boomers prefer regular practices, the future CEOs will change how everyday business is conducted.
For instance, Digital Media Zone recently reported that Chris Bryson, the Gen-Y CEO of Unata, conducted an interview over a game of ping pong.
The news source writes that this conference was “unconventional,” but similar approaches will likely be taken by Bryson and his ilk in the future.
Millennials don’t want work to feel like a chore – they want to enjoy themselves.
They are also more likely to prefer open office environments as oposed to individual offices.
As CEOs become younger, companies will begin to adopt tactics that do not have much in common with traditional corporate procedures.
A millennial CEO will have unique approaches to paid vacation, time management and conducting meetings.
They won’t spend all of their time working at the office and they probably won’t put a limit on time off. Meetings won’t have to take place on site or via travel.
Instead, there will be virtual gatherings online using tools like Skype. This brings us to our last example.
Think about it…Generation Y was the first generation to grow up with computers.
During the 1990′s, schools began teaching digital literacy, so millennials are well-versed in most forms of technology.
It’s been a part of their daily lives for a very long time and they don’t know how to live without it.
Young workers are not gadget-shy, and that trend will likely continue once the new CEOs take charge. Cellphones and even tablets are already becoming a key part of business culture.
Youthful employees understand the benefits of staying on the cutting edge of technology, so companies will likely lean heavily on digital tools in the future.
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Scott Murray is the Social Learning Evangelist for TrainUp.com, the web’s largest career marketplace.
He is also a contributor to the Training Insights Blog, a series of blogs dedicated to career and professional development.