Canadian Management Centre says organizations not prepared for new
generation of leaders
TORONTO, Feb. 24, 2014 /CNW/ - Organizations need to start embracing
changes that are already transforming the workplace or they will
struggle, according to Canadian Management Centre (www.cmcoutperform.com), a Canadian talent development company that trains over 15,000 people
each year to be better leaders and managers.
For the last decade, leaders and organizations have been trying to
figure out how to communicate and collaborate with their Millennial
employees. In a recent survey conducted by Canadian Management Centre,
over 54 per cent of respondents indicated they felt Millennials are the
most challenging to engage and lead effectively. Characteristically
defined as ambitious, tech-savvy, collaborative, and confident,
Millennials are rapidly rising into leadership positions. They are
integrating their values and attitudes towards work into their
environment, ultimately influencing and impacting the teams they lead.
"Millennials are plagued by negative stereotypes that unfortunately
overshadow their true strengths," said John Wright, president and
managing director, Canadian Management Centre. "Millennials bring fresh
new values and perspectives to the workplace and they want to make an
impact. As they leap-frog over other Gen X and Boomer employees into
leadership positions, they're going to get their chance - and few
Canadian organizations are ready."
Millennials will represent 75 per cent of the global workforce by 2025
Millennials or Gen Y, born between 1981-1995, are the fastest growing
segment of Canada's workforce at 29 per cent and as of next year they
will start to outnumber Baby Boomers. By 2025, Millennials will
represent 75 per cent of the global workforce according to the US
Bureau of Labour Statistics.
The eldest of the Millennial generation have been in the workforce for
10 years and are moving up the leadership ranks very quickly. Research
from EY indicates that 87 per cent of Millennial Managers took on a new
management role in the last 5 years compared with 38 per cent of Gen X
managers and 19 per cent of Boomers. (source: entrepreneur.com)
For some Millennials, traditional workplace structures and outdated
approaches to leadership have stifled their desire to openly share
information, collaborate across teams and try new things. The 'Build a
Better Workplace' study of 1,200 Canadian employees released in 2013 by
Canadian Management Centre and Ipsos Reid, found that only 24 per cent
of Millennials identified themselves as highly engaged. If their work
environment hasn't been set up to tap into their full potential, what
will happen when they are catapulted into roles where they are
responsible for inspiring and leading others?
What Organizations Need to Do: Engage, Prepare, Impact
According to Mr. Wright, leaders and HR professionals need to find
better ways to engage their Millennial employees, prepare them for
future leadership positions and manage the impact from Millennials
essentially, re-writing the leadership rule book and transforming the
ENGAGE: Explore ways to increase employee engagement and opportunities to
integrate what Millennials value into the workplace, such as providing
a forum for the voice of the employee to be heard, as well as
strategies that promote collaboration and sharing of new ideas.
Regardless of their career path, Millennials also expect support and
access to resources to grow their career.
PREPARE: Millennials are ambitious and confident and may not know what they don't
know. Organizations need to focus on defining what is expected from
these emerging leaders and invest in leadership programs to develop the
skills that will prepare them for the opportunities ahead. They can
help them understand the landscape that currently exists and how to
navigate within it by creating mentoring opportunities and providing
IMPACT: As Millennials move into leadership positions, they may end up managing
individuals who have more experience and expertise. Organizations need
to support all their employees with the tools and training they need to
understand the dynamics of the people they work with and strategies for
collaboration. At the same time, Millennial leaders may need to modify
their approach to accommodate the values and expectations of their peer
groups from different generations.
"The Future of Leadership: The Millennial Influence"
In an effort to help Canadian organizations prepare for these changes,
Canadian Management Centre is hosting a series of panel discussions as
part of its 2014 National Thought Leader Series entitled "The Future of
Leadership: The Millennial Influence." Millennials who are currently
in leadership positions will be participating as panelists at each
event to share their experience and provide insights about the
aspirations and expectations of their generation. The series kicks off
in Ottawa on February 27 and then travels to Mississauga, Toronto,
Montreal and Calgary. The events are complimentary but advance
registration is required by visiting the website at www.cmcoutperform.com/the-millennial-influence.
About Canadian Management Centre
Since 1963, Canadian Management Centre has been helping thousands of
corporations across the nation close the gap between where their
business needs to go and the talent they must have to take them there.
With over 300 open-enrollment sessions regularly scheduled per year,
Canadian Management Centre offers the largest range of critical skills
required for business success in Canada. Its annual National Thought
Leader Series was developed to establish a platform for individuals and
organizations to benefit from hearing the latest research, news, and
information on major issues affecting organizations today and the
trends that are shaping our future. Canadian Management Centre is part
of the American Management Association International - a world leader
in professional development advancing the skills of individuals to
drive business success. For more information, visit the website at: www.cmcoutperform.com or on Twitter: @CanadianMgmt #CMCevents.
SOURCE: Canadian Management Centre
For further information:
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Tel: (416) 461-5270 or (416) 402-4880. Email: firstname.lastname@example.org or on Twitter @thesirengroup.