Millennials have joined the workforce with a completely different mindset to the generations before them. They are often looked at negatively, being called entitled, spoilt and the ‘me me me’ generation. However, this is nothing new. Older generations have always done this. They have always looked at the generation after them as worse off than they were.

Whether you agree or disagree with this, does it really matter? They have joined the workforce – fact – and they are bringing in their ideas and beliefs and are trying to create a world they believe they should live in. The companies that are embracing the strengths of this generation are enjoying higher employee retention rates and less disruption to the running of their companies. Whilst, the companies that refuse to adapt, resist the change and insist people should conform to the way they have always been, are struggling with high turnovers and will likely continue to struggle.

The new generation of employees is looking for more from their leaders. They value collaboration, coaching and mentoring that contributes to skill development, they value sharing and transparency as well as autonomy. They are less focused on material success but are interested in making a difference and in contributing to a bigger cause in some way.

The leaders that are getting the most respect and admiration from their workforce in 2018 are those that are:

Positive Leaders

Leaders that focus on the positive as opposed to trying to fix the negative. Positive leadership relies on optimism and by living their values and practising what they preach. They look to build upon capabilities rather than correct weaknesses, building upon the ideas of self-actualisation and human potential.

Transformational Leaders

These are leaders that look to empower employees to solve problems themselves without micromanagement. It encourages individuals and group creativity. Such leaders look to develop their team by respecting and recognizing each individual’s uniqueness and special characteristics, understanding how differences can build a team’s strength. They want their employees to be the best possible versions of themselves and this is something millennials are valuing greatly.

What matters to the millennial workforce?

Taking the time to know what matters to your employees

Involving them in bigger discussions and creating a path for them to learn and grow

Companies that clearly define their mission, vision and values create an opportunity for their employees to buy into a larger sense of purpose and community. This is extremely important to keep a workforce engaged and working towards a vision.

Being flexible – they crave experiences more than assets.

Those workplaces that adapt to these changing mindsets have a greater chance of reducing the constant turnover of employees and saving precious talent, time, and money for the company.

Do you have a leader who you truly value in your life? If you do, share this blog post with them to show them your appreciation!