Many companies are facing a power vacuum as entire management teams move toward retirement. Younger employees will be forced into new roles without adequate training and into an environment that doesn't necessarily address their concerns. While too many companies will be forced to deal with lost revenue, on-the-job training, and decreased morale because they fail to plan for this upcoming change, your business can excel by following these five tips for preparing millennials for leadership roles.
Millennials have long been pigeonholed as the "difficult" generation, and that bias is coming back to haunt companies. Millennials are more likely to have innovative ideas, improve employee engagement, and excel at new tasks, but unless a company works on retention, they are just as likely to put in their notice tomorrow. Businesses are finding that retaining millennials takes a whole new game plan. If you're ready to embrace Generation Y, focus on these tips for retaining millennials in your workplace.
Topics: millennial workforce