Myth 1: Millennial’s lack of organisational loyalty. Job hopping is common among Millennials, yes, but that doesn’t mean organisational loyalty to them is a lost cause. According to a study, nearly 44 per cent of the millennial leaders plans to stay at their current companies for more than 15 years, compared to just 29 per cent of leaders from other generations who plan to stay along. Millennials are found to be very engaged with their leadership roles and so attrition rate among them is quite low.
Millennial leaders are hungry for growth and if their hunger is not being appeased they won’t think about jumping jobs.
Myth 2: Millennial Leaders don’t follow the traditional ways of learning. The rise in digital-based training & learning has built this myth around Millennials on training & learning. But statistics show that Millennials too focus on development assignments, ratings of coaches & mentors etc as the only efficient way of learning.
They do of course blend these with workshops, panel discussions, etc.
Myth 3: Millennials don’t share the same values as leaders of other generations Just like their senior counterparts, Millennials too place the highest value on ideating, adapting to technology & problem-solving. Even the value they place on creativity & artistic expression is higher than the value they place on money, business gains, profits etc.
Myth 4: The Need For A workplace that’s open & fun. Young leaders also love the open-door approach, the low-hierarchical structure But the study shows that millennial leaders value flexibility and mentoring more than perks. Young leaders like their employees to be comfortable at the workplace and so new-age work trends like Casual Friday etc. are encouraged and celebrated. They don’t want to spend half their time seeking permissions from the top management but at the same time they don’t misjudge the value of an open-door policy and so stick to traditional ways of meetings.
