Top 4 Essential Skills Required for Millennial Leaders

Top 4 Essential Skills Required for Millennial Leaders - Moniedism

Here are the top 4 essential Skills required for millennial leaders because, with the globalization of business, the change of generations, and the Fourth Industrial Revolution, organizations in all fields around the world are taking on the challenge of major reforms.

Millennials (born 1981-1996, defined by Pew Research Center), the core of these reforms, need new leadership skills to take the lead in the business and lead the organization.

More than 90% of millennials aim to be leaders

“Developing next-generation leaders” is an important issue for many companies, but as the times change, so do the factors required of business leaders.

Until very recently, "the ability to manage projects efficiently and solve problems quickly" was a necessary skill for leaders. However, many studies have shown that the ideal leaders and careers of millennials are quite different from those of older generations.

The greatest feature of millennials is that they have the goal of becoming a leader.

In a survey of 412 millennials conducted by talent advisory firm Workplace Trends, 91% said they were "aiming to be leaders." 52% of them were women. However, this does not mean seeking money or honor, but a desire to contribute to others.

Almost half define leadership as something that brings success to others, and 43% say that the greatest motivation for becoming a leader is "to empower others." .. The minority answered "money (5%)" or "power (1%)".

In addition, 63% want to be a transformative leader. In other words, we aim to be a leader who leads subordinates by taking on new challenges with a sense of purpose.

Four core skills required for next-generation leaders

The following four core skills are required for next-generation leaders. You can see that we are shifting from the “guidance type” of giving instructions and waiting for the results to the “growth promotion type” that emphasizes spontaneity.

Essential Skill 1: Business coaching

As a countermeasure against diversification of employment forms and shortage of human resources, "leaders who can show a roadmap to their subordinates" are required.

Business coaching can be very helpful in creating actionable behavior patterns that your subordinates will notice, think about, and put into action.

Essential Skill 2: Listening

For the millennium generation, who value trust in the workplace, listening is a key skill in forming the foundation of a good relationship.

Regardless of the other person's position, listen carefully to understand the other person's intentions, at the same time convey an open and sincere attitude, and win the trust.

Essential Skill 3: Communication

Clear communication communicates your intentions to others and encourages positive behavior.

For effective communication, it is important to focus on what you really want to convey and carefully choose words that move the other person, rather than explaining them in length.

Essential Skill 4: Flexibility

In a business environment that changes rapidly every day, you may be forced to change your plans. Leaders need the flexibility to respond quickly and accurately.

At the same time, by refining the adaptability to accept new ideas and methods, you will acquire leadership that can calmly respond to unexpected changes.

Ideal prominent business leader

Let's take a look at a concrete leader image by referring to the "2019 Top CEO Ranking" by the corporate review site "Glassdoor". This ranking is based on the evaluation of their CEOs by employees of large and small businesses in five countries, including the United States.

In the major U.S. corporate divisions, software company VMware CEO Pat Gelsinger, Microsoft CEO Satya Nadella (6th), the world's largest business-specific SNS, LinkedIn CEO Jeff Wiener (8th), etc. However, it was in the top 10.

Employees of each company commented that they "feel the future," "have freedom and flexibility," and "have a robust corporate culture," not only developing innovative products and services. We highly value our CEO, who devotes himself to creating a work environment where he can feel rewarding, passionate, and stable.

Although these business leaders are older than millennials, there is no doubt that they have the charisma to sympathize with and motivate millennials. For millennials who want to become leaders in the future, why not take this as a reference?

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