SlideShare a Scribd company logo
1 of 11
Download to read offline
A TOPCHRO WHITEPAPER
SUSTAINING
FUTURE
GROWTH
WITH
MILLENNIAL
LEADERS
EXECUTIVE
SUMMARY
02
POST MILLENNIAL
WORKFORCE-
TRAITS & PERCEPTIONS
03
CROSSROADS-
CHOOSING
THE RIGHT DIRECTION
07
09
CONCLUSION
09
REFERENCES
TABLE OF
CONTENTSCONTENTS
A TOPCHRO WHITEPAPER
© 2018 TopCHRO.com All Rights Reserved.
Business Leadership dimensions in the past decade have changed
beyond comparison, over the previous ones. While most would
a ribute this to the all-pervasive technology disrup on brought
about by the internet, a large part of this has also been global
uncertain es in the economic climate of the post-recession era.
This whitepaper aims to address the crisis that might arise largely
due to the lack of orienta on of the post millennial workforce vis-a-
vis “tradi onal” industries. The millennial demographic segment is
moving into managerial roles of almost every organiza on. It will
soon be me for the post-millennial demography, too, to be
decision makers. We express our concerns about this transi on at a
granular level and an cipate that the disconnect in core
competencies will be stark – especially in tradi onal process
oriented manufacturing industries like Oil and Gas, Metals as well
as labor intensive sectors like Civil Engineering and Construc on,
Healthcare, Logis cs and Freight and a whole lot of others.
A step towards this can be taken by conduc ng leadership building
programs that will a ract high-quality candidates, rota onal
development of the post millennials in chosen areas, deploying
them in matrix environments, conduc ng regular inter-genera onal
grooming sessions and intensive programs on conflict resolu ons,
compliances and so on.
We hope these will provide present and future talent managers
with the broad framework which they can use to ensure a fluid
succession of business leadership to the post millennial genera on.
But- can they really do it? Can they come out of the comfort of
their cubicles and work in confined and rigid structures like a typical
factory? Or can they ins ll the sorely needed excitement and agility,
a characteris c trait of their genera on, into a blue collared
workforce which is not only resistant to change but also reluctant
to take orders from somebody they consider puerile, as well?
This TopCHRO whitepaper has been developed with an inten on to
propose solu ons to future ready organiza ons that are facing two
crucial bo lenecks to business excellence:
1. A future leadership crisis.
2. Aversion of the post millennial workforce towards "tradi onal"
industries.
Furthermore, it sheds light on how next- gen organiza ons can
harness their untapped poten al to surge ahead into the future.
A TOPCHRO WHITEPAPER
The first step towards iden fying the skill-gaps in this area is to denote the most
prominent traits of the millennials that comprise the workforce.
1. Millennial leaders are conscious and proac ve leaders. There is a certain awareness that exists
among them. This awareness entails a reflec on on self, work, and community.
2. Millennials are more centered in what the future will look like.
3. Millennials embrace complete and immediate transparency.
4. Millennial leaders are collabora ve. A collabora ve leader will solve more than a self-centered
leader and Millennials know this.
5. Millennial leaders have an embedded view of solving problems. They are strategic thinkers and
solu on finders.
6. Millennials lead with “innova on and change”.
7. About half of millennials define leadership as “empowering others to succeed”
While 46% of US employers state “leadership” as the biggest challenge when hiring for managerial and execu ve posi ons,
only 13% of employees feel that the in-house training provided by their employers adequately prepare them for leadership
roles.
So much so, that the number of male millennials aspiring for the C-suite has dropped by nearly half (36% vs 64%) of their
previous genera on- the overall segment, if female millennials are included, is reduced to a mere 11%. In spite of the lack of
managerial skills and views thereof, millennials are also one of the most misunderstood at the workplace.
© 2018 TopCHRO.com All Rights Reserved.
A TOPCHRO WHITEPAPER
• 50% of the millennials say that the older senior managers do not relate well with the younger workers.
• More than 30 % say that their personal drive is in mida ng to older genera ons.
• Uncertain economic climates in several western economies, which have now come to be the mainstay of the global business environment
• Technological advancements that have changed the very fabric of societal and workplace communica on- especially team messaging applica ons
over which millennials and post millennials prefer to communicate
• Emergence of several new-age businesses and professions, many of which are highly technical and complex, and require a significant degree of
exper se-millennials and their successors now prefer individual contributor roles, linked to higher compensa on, over leadership roles in
management. These factors are rapidly gaining ground, and research shows that only 29% of millennials aspire for corporate leadership
responsibili es vs 54% of Gen X. With close to 40 million people in the present global corpora on leadership in the USA expected to re re over the
next ten years, there is a glaring gap of leaders with skills AND traits to retain the velocity of growth that we have seen the GEN X leaders bring to
the table.
© 2018 TopCHRO.com All Rights Reserved.
A TOPCHRO WHITEPAPER
• 36% of millennials say they prefer to communicate electronically at work than face to face and over telephone.
• 50% of the millennials say that the older, senior managers do not relate well with the younger workers.
• 42% of millennials felt that their managers did not always understand the way they use technology at work.
The expert opinions on this subject seem to easily match the sta s cs. Millennials and post millennials as on date are NOT
prepared to lead tradi onal, cross border and cross cultural corpora ons at even the present growth levels, much less set the
stage for further globaliza on and growth that we have seen from their predecessors.
With regard to matching blue collar workforces or mee ng general stakeholders' expecta ons, most millennials and post
millennials do not seem to be in sync, either.
More than 47 survey reports point out that the millennials and their successors actually have the requisite know-how and
individual exper se at par with their predecessors. The cri cal disconnect lies in their acclima za on towards tradi onal
workforces. This and their lack of exper se at effec vely maintaining communica on with all stakeholders on their vision and
strategy, are the areas where they are predicted to lose grounds in the near future.
There is an urgent need to reduce this significant disparity within the managerial and leadership segments of the workforce
before the re rement of the current genera on of dynamic business leaders, in order to ensure a `seamless transi on. Talent
Managers are required and expected to lead this change successfully.
© 2018 TopCHRO.com All Rights Reserved.
A TOPCHRO WHITEPAPER
© 2018 TopCHRO.com All Rights Reserved.
A TOPCHRO WHITEPAPER
© 2018 TopCHRO.com All Rights Reserved.
A TOPCHRO WHITEPAPER
Workplace culture is a cri cal factor that affects almost every single func on and every single employee in the organiza on.
Nothing mo vates employees and business leaders more than a posi ve and produc ve workplace culture. At the same me,
changing demographics at the workplace can lead to a long drawn cultural flux, the kind that inhibits development and
progress. With a mul -genera onal workforce, this is a very potent challenge for talent managers. Constant, well-planned
events and communiqués that encourage harmony and par cipa on in ini a ves by all employees can effec vely enable
talent managers to improve a unified and produc ve workplace culture- also one of the primary expecta ons of millennials
and post- millennials from their employer.
© 2018 TopCHRO.com All Rights Reserved.
A TOPCHRO WHITEPAPER
About TopCHRO
TopCHRO™ is a one stop portal for best performing CHROs and other HR professionals worldwide. The elite TopCHRO™ line-up of the
100 finest CHROs is the finest group of men and women who have made an impact to the People Func on and industries globally.
Apart from highligh ng global top performers, the portal also aims at facilita ng knowledge, informa on and insigh ul discussions
among HR professionals. The portal is a collec ve effort and constantly seeks opinions and inputs from meritorious HR professionals.
To contribute to our knowledgebase please contact our team at ask@topchro.com
Technology is a double edged sword. HR Managers today have an unprecedented advantage over their predecessors. They have
advanced talent management technology pla orms that empower them in acquiring, managing and retaining talent, Talent
managers today are warriors in the war for talent under the constant threat of losing the best talent to their compe tors.
Millennials are on the verge of taking over the reins of corporate leadership in every major organiza on of the world. While this
genera on is the most educated and technology savvy and is largely responsible for propaga ng the popularity of the internet,
its dependence on technology based communica on is also proving to be its undoing. Millennials are a distracted lot, relying
more on their smartphones and social networks than interpersonal communica on and organiza onal vision. Their career
aspira ons, a tudes about work and knowledge of new technologies will define the culture of the 21st century workplace. A
monumental shi in the tradi onal leadership model is not far away. In order to engage and retain this new, energe c genera on
of leaders, talent managers must shi their mindsets to provide more personalized and targeted development programs. Only by
embracing the changes and engaging today's millennial professionals, can talent managers successfully build the leaders of
tomorrow.
Technology is a double edged sword. HR Managers today have an unprecedented advantage over their predecessors. They have
advanced talent management technology pla orms that empower them in acquiring, managing and retaining talent, Talent
managers today are warriors in the war for talent under the constant threat of losing the best talent to their compe tors.
Millennials are on the verge of taking over the reins of corporate leadership in every major organiza on of the world. While this
genera on is the most educated and technology savvy and is largely responsible for propaga ng the popularity of the internet,
its dependence on technology based communica on is also proving to be its undoing. Millennials are a distracted lot, relying
more on their smartphones and social networks than interpersonal communica on and organiza onal vision. Their career
aspira ons, a tudes about work and knowledge of new technologies will define the culture of the 21st century workplace. A
monumental shi in the tradi onal leadership model is not far away. In order to engage and retain this new, energe c genera on
of leaders, talent managers must shi their mindsets to provide more personalized and targeted development programs. Only by
embracing the changes and engaging today's millennial professionals, can talent managers successfully build the leaders of
tomorrow.
© 2018 TopCHRO.com All Rights Reserved.
Morin, Amy (2016). Want To Train Millennials To Lead? 6 Things You Should Know About The
Millennial Mindset. [Online] Forbes.com. Available at:
h ps://www.forbes.com/sites/amymorin/2016/07/27/want-to-train-millennials-to-lead-6-things-you-
should-know-about-the-millennial-mindset/#6c77c4494782.
Forbes.com (2016). Four Strategies To A ract And Keep Your Best Millennial Talent.
[Online] Available at: h ps://www.forbes.com/sites/forbesnonprofitcouncil/2016/08/23/a ract-and-
keep-your-best-millennial-talent-for-the-long-haul/#2041299b7891.
Brousell, Lauren (2015). How millennials challenge tradi onal leadership. [Online] Forbes.com.
Available at: h ps://www.forbes.com/sites/forbesnonprofitcouncil/2016/08/23/a ract-and-keep-
your-best-millennial-talent-for-the-long-haul/#643757787891.
Har ort.com (2015). A genera on of leaders. [Online] Available at:
h ps://s0.hfdsta c.com/sites/the_har ord/files/2015-millennial-leadership.pdf
Gallup.com (2018). How Millennials Want to Work and Live. [Online] Available at:
h ps://news.gallup.com/reports/189830/e.aspx
This whitepaper has used various other reference materials available in the public domain, please
contact ask@topchro.com for any further assistance.
6200 Savoy Dr #630, Houston,
TX 77036, USA
www.topchro.com
© 2018. TopCHRO. All Rights Reserved.
This whitepaper is a property of TopCHRO.com. The whitepaper or the informa on cited in the whitepaper should be used for informa on purpose
only. Facts and figures presented in the paper are subject to change at any me without any prior no fica on. Certain statements made in the
whitepaper are forward-looking projec ons. These carry risks and uncertain es and may differ from actual events. TopCHRO™ does not guarantee
applica on or validity of informa on and insights in the paper and will not be responsible for any loss that may arise from use of the informa on or
insight cited in the whitepaper. Readers are advised to use their own judgment while making related decisions.

More Related Content

What's hot

HR Trends Update
HR Trends UpdateHR Trends Update
HR Trends UpdateTom Haak
 
Generational Issues
Generational IssuesGenerational Issues
Generational IssuesSarbani Roy
 
Pwc workforce of the future the competing forces shaping 2030
Pwc workforce of the future the competing forces shaping 2030Pwc workforce of the future the competing forces shaping 2030
Pwc workforce of the future the competing forces shaping 2030Peerasak C.
 
The Digital Culture Challenge: Closing the Employee-Leadership Gap
The Digital Culture Challenge: Closing the Employee-Leadership GapThe Digital Culture Challenge: Closing the Employee-Leadership Gap
The Digital Culture Challenge: Closing the Employee-Leadership GapCapgemini
 
Hays Journal 11
Hays Journal 11Hays Journal 11
Hays Journal 11Hays
 
Hays Journal 11 - Wereldwijd Inzicht voor Experts in de Wereld van Werk
Hays Journal 11 - Wereldwijd Inzicht voor Experts in de Wereld van WerkHays Journal 11 - Wereldwijd Inzicht voor Experts in de Wereld van Werk
Hays Journal 11 - Wereldwijd Inzicht voor Experts in de Wereld van WerkHays Netherlands
 
Etude PwC CEO Survey Talent "People Strategy for the Digital Age" (juillet 2015)
Etude PwC CEO Survey Talent "People Strategy for the Digital Age" (juillet 2015)Etude PwC CEO Survey Talent "People Strategy for the Digital Age" (juillet 2015)
Etude PwC CEO Survey Talent "People Strategy for the Digital Age" (juillet 2015)PwC France
 
Hays Journal 20 - How can organisations improve on intersectionality?
Hays Journal 20 - How can organisations improve on intersectionality?Hays Journal 20 - How can organisations improve on intersectionality?
Hays Journal 20 - How can organisations improve on intersectionality?Hays
 
White-Paper-Connecting_Millenials
White-Paper-Connecting_MillenialsWhite-Paper-Connecting_Millenials
White-Paper-Connecting_MillenialsCarly Mercer
 
Hays Journal 20 - Seven things we learnt from McAfee’s President EMEA
Hays Journal 20 - Seven things we learnt from McAfee’s President EMEAHays Journal 20 - Seven things we learnt from McAfee’s President EMEA
Hays Journal 20 - Seven things we learnt from McAfee’s President EMEAHays
 
Upcoming Trends and Challenges in Human Resource Management
Upcoming Trends and Challenges in Human Resource ManagementUpcoming Trends and Challenges in Human Resource Management
Upcoming Trends and Challenges in Human Resource ManagementCeline George
 
Mark McCrindle Professional Speaker info pack
Mark McCrindle Professional Speaker info packMark McCrindle Professional Speaker info pack
Mark McCrindle Professional Speaker info packMark McCrindle
 
COVID-19: Redefining The Role of Leadership in Your Organization
COVID-19: Redefining The Role of Leadership in Your OrganizationCOVID-19: Redefining The Role of Leadership in Your Organization
COVID-19: Redefining The Role of Leadership in Your OrganizationMarianne Harness
 
Entrepreneurship flattens_the_world
Entrepreneurship flattens_the_worldEntrepreneurship flattens_the_world
Entrepreneurship flattens_the_worldJason Shikomba
 
Future of work - Journal of Comp & Benefits - Dec 2016
Future of work - Journal of Comp & Benefits - Dec 2016Future of work - Journal of Comp & Benefits - Dec 2016
Future of work - Journal of Comp & Benefits - Dec 2016Juliette Meunier
 
4 building benchstrength for the future
4 building benchstrength for the future4 building benchstrength for the future
4 building benchstrength for the futuremikegggg
 

What's hot (20)

Gen_Now_Ebook
Gen_Now_EbookGen_Now_Ebook
Gen_Now_Ebook
 
HR Trends Update
HR Trends UpdateHR Trends Update
HR Trends Update
 
Generational Issues
Generational IssuesGenerational Issues
Generational Issues
 
Pwc workforce of the future the competing forces shaping 2030
Pwc workforce of the future the competing forces shaping 2030Pwc workforce of the future the competing forces shaping 2030
Pwc workforce of the future the competing forces shaping 2030
 
The Digital Culture Challenge: Closing the Employee-Leadership Gap
The Digital Culture Challenge: Closing the Employee-Leadership GapThe Digital Culture Challenge: Closing the Employee-Leadership Gap
The Digital Culture Challenge: Closing the Employee-Leadership Gap
 
Hays Journal 11
Hays Journal 11Hays Journal 11
Hays Journal 11
 
Hays Journal 11 - Wereldwijd Inzicht voor Experts in de Wereld van Werk
Hays Journal 11 - Wereldwijd Inzicht voor Experts in de Wereld van WerkHays Journal 11 - Wereldwijd Inzicht voor Experts in de Wereld van Werk
Hays Journal 11 - Wereldwijd Inzicht voor Experts in de Wereld van Werk
 
Etude PwC CEO Survey Talent "People Strategy for the Digital Age" (juillet 2015)
Etude PwC CEO Survey Talent "People Strategy for the Digital Age" (juillet 2015)Etude PwC CEO Survey Talent "People Strategy for the Digital Age" (juillet 2015)
Etude PwC CEO Survey Talent "People Strategy for the Digital Age" (juillet 2015)
 
Net Generation
Net GenerationNet Generation
Net Generation
 
Hays Journal 20 - How can organisations improve on intersectionality?
Hays Journal 20 - How can organisations improve on intersectionality?Hays Journal 20 - How can organisations improve on intersectionality?
Hays Journal 20 - How can organisations improve on intersectionality?
 
Youth and Skills
Youth and SkillsYouth and Skills
Youth and Skills
 
White-Paper-Connecting_Millenials
White-Paper-Connecting_MillenialsWhite-Paper-Connecting_Millenials
White-Paper-Connecting_Millenials
 
Hays Journal 20 - Seven things we learnt from McAfee’s President EMEA
Hays Journal 20 - Seven things we learnt from McAfee’s President EMEAHays Journal 20 - Seven things we learnt from McAfee’s President EMEA
Hays Journal 20 - Seven things we learnt from McAfee’s President EMEA
 
Upcoming Trends and Challenges in Human Resource Management
Upcoming Trends and Challenges in Human Resource ManagementUpcoming Trends and Challenges in Human Resource Management
Upcoming Trends and Challenges in Human Resource Management
 
useful
usefuluseful
useful
 
Mark McCrindle Professional Speaker info pack
Mark McCrindle Professional Speaker info packMark McCrindle Professional Speaker info pack
Mark McCrindle Professional Speaker info pack
 
COVID-19: Redefining The Role of Leadership in Your Organization
COVID-19: Redefining The Role of Leadership in Your OrganizationCOVID-19: Redefining The Role of Leadership in Your Organization
COVID-19: Redefining The Role of Leadership in Your Organization
 
Entrepreneurship flattens_the_world
Entrepreneurship flattens_the_worldEntrepreneurship flattens_the_world
Entrepreneurship flattens_the_world
 
Future of work - Journal of Comp & Benefits - Dec 2016
Future of work - Journal of Comp & Benefits - Dec 2016Future of work - Journal of Comp & Benefits - Dec 2016
Future of work - Journal of Comp & Benefits - Dec 2016
 
4 building benchstrength for the future
4 building benchstrength for the future4 building benchstrength for the future
4 building benchstrength for the future
 

Similar to Topchro whitepaper

millennials-at-work.pdf
millennials-at-work.pdfmillennials-at-work.pdf
millennials-at-work.pdfSoniaKamnani2
 
Trascent Perspectives - Workplace Revolution
Trascent Perspectives - Workplace RevolutionTrascent Perspectives - Workplace Revolution
Trascent Perspectives - Workplace RevolutionGeorge Bouri
 
Latest trends in hr 2020 - pexitics (people excellence indicator analytics)
Latest trends in hr   2020 - pexitics (people excellence indicator analytics)Latest trends in hr   2020 - pexitics (people excellence indicator analytics)
Latest trends in hr 2020 - pexitics (people excellence indicator analytics)Subhashini S Tripathi
 
The Future of Leadership Development in the Digital Age
The Future of Leadership Development in the Digital AgeThe Future of Leadership Development in the Digital Age
The Future of Leadership Development in the Digital AgeInfopro Learning, Inc.
 
Strategic People Management - Article by Michael A Potter
Strategic People Management  - Article by Michael A PotterStrategic People Management  - Article by Michael A Potter
Strategic People Management - Article by Michael A PotterMichael A. Potter
 
Human+Age+2+Future+Forces+at+Work
Human+Age+2+Future+Forces+at+WorkHuman+Age+2+Future+Forces+at+Work
Human+Age+2+Future+Forces+at+WorkSanjay Pandit
 
digital-pm-skills.pdf
digital-pm-skills.pdfdigital-pm-skills.pdf
digital-pm-skills.pdfLuongMinhHai
 
The female millennial: A new era of talent
The female millennial: A new era of talentThe female millennial: A new era of talent
The female millennial: A new era of talentPlanimedia
 
The female-millenial-a-new-era-of-talent
The female-millenial-a-new-era-of-talentThe female-millenial-a-new-era-of-talent
The female-millenial-a-new-era-of-talentPwC España
 
The female millennial: A new era of talent
The female millennial: A new era of talentThe female millennial: A new era of talent
The female millennial: A new era of talentPwC
 
cm2016_08.14_whitepaper_talent management_interactive_aus
cm2016_08.14_whitepaper_talent management_interactive_auscm2016_08.14_whitepaper_talent management_interactive_aus
cm2016_08.14_whitepaper_talent management_interactive_ausFiona Campbell
 
Winds of change: The shifting face of leadership in business
Winds of change: The shifting face of leadership in businessWinds of change: The shifting face of leadership in business
Winds of change: The shifting face of leadership in businessThe Economist Media Businesses
 
Workforce 2020 fact sheet
Workforce 2020 fact sheetWorkforce 2020 fact sheet
Workforce 2020 fact sheetNakisa
 
When CEOs of SMEs and midcaps face digital
When CEOs of SMEs and midcaps face digitalWhen CEOs of SMEs and midcaps face digital
When CEOs of SMEs and midcaps face digitalBpifrance
 
Gen Z and Millennials collide at work report
Gen Z and Millennials collide at work reportGen Z and Millennials collide at work report
Gen Z and Millennials collide at work reportDuy, Vo Hoang
 

Similar to Topchro whitepaper (20)

millennials-at-work.pdf
millennials-at-work.pdfmillennials-at-work.pdf
millennials-at-work.pdf
 
Trascent Perspectives - Workplace Revolution
Trascent Perspectives - Workplace RevolutionTrascent Perspectives - Workplace Revolution
Trascent Perspectives - Workplace Revolution
 
Latest trends in hr 2020 - pexitics (people excellence indicator analytics)
Latest trends in hr   2020 - pexitics (people excellence indicator analytics)Latest trends in hr   2020 - pexitics (people excellence indicator analytics)
Latest trends in hr 2020 - pexitics (people excellence indicator analytics)
 
HRReport-brochure
HRReport-brochureHRReport-brochure
HRReport-brochure
 
The Future of Leadership Development in the Digital Age
The Future of Leadership Development in the Digital AgeThe Future of Leadership Development in the Digital Age
The Future of Leadership Development in the Digital Age
 
Employer branding without borders – A pathway to corporate success
Employer branding without borders – A pathway to corporate successEmployer branding without borders – A pathway to corporate success
Employer branding without borders – A pathway to corporate success
 
Strategic People Management - Article by Michael A Potter
Strategic People Management  - Article by Michael A PotterStrategic People Management  - Article by Michael A Potter
Strategic People Management - Article by Michael A Potter
 
Human Age 2.0
Human Age 2.0Human Age 2.0
Human Age 2.0
 
Human+Age+2+Future+Forces+at+Work
Human+Age+2+Future+Forces+at+WorkHuman+Age+2+Future+Forces+at+Work
Human+Age+2+Future+Forces+at+Work
 
The skills revolution
The skills revolutionThe skills revolution
The skills revolution
 
digital-pm-skills.pdf
digital-pm-skills.pdfdigital-pm-skills.pdf
digital-pm-skills.pdf
 
The female millennial: A new era of talent
The female millennial: A new era of talentThe female millennial: A new era of talent
The female millennial: A new era of talent
 
The female-millenial-a-new-era-of-talent
The female-millenial-a-new-era-of-talentThe female-millenial-a-new-era-of-talent
The female-millenial-a-new-era-of-talent
 
The female millennial: A new era of talent
The female millennial: A new era of talentThe female millennial: A new era of talent
The female millennial: A new era of talent
 
cm2016_08.14_whitepaper_talent management_interactive_aus
cm2016_08.14_whitepaper_talent management_interactive_auscm2016_08.14_whitepaper_talent management_interactive_aus
cm2016_08.14_whitepaper_talent management_interactive_aus
 
Winds of change: The shifting face of leadership in business
Winds of change: The shifting face of leadership in businessWinds of change: The shifting face of leadership in business
Winds of change: The shifting face of leadership in business
 
Workforce 2020 fact sheet
Workforce 2020 fact sheetWorkforce 2020 fact sheet
Workforce 2020 fact sheet
 
When CEOs of SMEs and midcaps face digital
When CEOs of SMEs and midcaps face digitalWhen CEOs of SMEs and midcaps face digital
When CEOs of SMEs and midcaps face digital
 
Gen Z and Millennials collide at work report
Gen Z and Millennials collide at work reportGen Z and Millennials collide at work report
Gen Z and Millennials collide at work report
 
The Changing Role of HR
The Changing Role of HRThe Changing Role of HR
The Changing Role of HR
 

Recently uploaded

Planning a health career 4th Quarter.pptx
Planning a health career 4th Quarter.pptxPlanning a health career 4th Quarter.pptx
Planning a health career 4th Quarter.pptxLigayaBacuel1
 
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️9953056974 Low Rate Call Girls In Saket, Delhi NCR
 
AmericanHighSchoolsprezentacijaoskolama.
AmericanHighSchoolsprezentacijaoskolama.AmericanHighSchoolsprezentacijaoskolama.
AmericanHighSchoolsprezentacijaoskolama.arsicmarija21
 
Types of Journalistic Writing Grade 8.pptx
Types of Journalistic Writing Grade 8.pptxTypes of Journalistic Writing Grade 8.pptx
Types of Journalistic Writing Grade 8.pptxEyham Joco
 
Hierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of managementHierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of managementmkooblal
 
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdfFraming an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdfUjwalaBharambe
 
Influencing policy (training slides from Fast Track Impact)
Influencing policy (training slides from Fast Track Impact)Influencing policy (training slides from Fast Track Impact)
Influencing policy (training slides from Fast Track Impact)Mark Reed
 
Gas measurement O2,Co2,& ph) 04/2024.pptx
Gas measurement O2,Co2,& ph) 04/2024.pptxGas measurement O2,Co2,& ph) 04/2024.pptx
Gas measurement O2,Co2,& ph) 04/2024.pptxDr.Ibrahim Hassaan
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxpboyjonauth
 
ROOT CAUSE ANALYSIS PowerPoint Presentation
ROOT CAUSE ANALYSIS PowerPoint PresentationROOT CAUSE ANALYSIS PowerPoint Presentation
ROOT CAUSE ANALYSIS PowerPoint PresentationAadityaSharma884161
 
Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Jisc
 
Grade 9 Q4-MELC1-Active and Passive Voice.pptx
Grade 9 Q4-MELC1-Active and Passive Voice.pptxGrade 9 Q4-MELC1-Active and Passive Voice.pptx
Grade 9 Q4-MELC1-Active and Passive Voice.pptxChelloAnnAsuncion2
 
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdfAMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdfphamnguyenenglishnb
 
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdfLike-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdfMr Bounab Samir
 
Proudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptxProudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptxthorishapillay1
 
Full Stack Web Development Course for Beginners
Full Stack Web Development Course  for BeginnersFull Stack Web Development Course  for Beginners
Full Stack Web Development Course for BeginnersSabitha Banu
 
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptxMULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptxAnupkumar Sharma
 
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...JhezDiaz1
 

Recently uploaded (20)

Planning a health career 4th Quarter.pptx
Planning a health career 4th Quarter.pptxPlanning a health career 4th Quarter.pptx
Planning a health career 4th Quarter.pptx
 
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
 
AmericanHighSchoolsprezentacijaoskolama.
AmericanHighSchoolsprezentacijaoskolama.AmericanHighSchoolsprezentacijaoskolama.
AmericanHighSchoolsprezentacijaoskolama.
 
Types of Journalistic Writing Grade 8.pptx
Types of Journalistic Writing Grade 8.pptxTypes of Journalistic Writing Grade 8.pptx
Types of Journalistic Writing Grade 8.pptx
 
Hierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of managementHierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of management
 
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdfFraming an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
 
Influencing policy (training slides from Fast Track Impact)
Influencing policy (training slides from Fast Track Impact)Influencing policy (training slides from Fast Track Impact)
Influencing policy (training slides from Fast Track Impact)
 
Gas measurement O2,Co2,& ph) 04/2024.pptx
Gas measurement O2,Co2,& ph) 04/2024.pptxGas measurement O2,Co2,& ph) 04/2024.pptx
Gas measurement O2,Co2,& ph) 04/2024.pptx
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptx
 
ROOT CAUSE ANALYSIS PowerPoint Presentation
ROOT CAUSE ANALYSIS PowerPoint PresentationROOT CAUSE ANALYSIS PowerPoint Presentation
ROOT CAUSE ANALYSIS PowerPoint Presentation
 
Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...
 
Grade 9 Q4-MELC1-Active and Passive Voice.pptx
Grade 9 Q4-MELC1-Active and Passive Voice.pptxGrade 9 Q4-MELC1-Active and Passive Voice.pptx
Grade 9 Q4-MELC1-Active and Passive Voice.pptx
 
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdfAMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
 
Rapple "Scholarly Communications and the Sustainable Development Goals"
Rapple "Scholarly Communications and the Sustainable Development Goals"Rapple "Scholarly Communications and the Sustainable Development Goals"
Rapple "Scholarly Communications and the Sustainable Development Goals"
 
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdfLike-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
 
Proudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptxProudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptx
 
Full Stack Web Development Course for Beginners
Full Stack Web Development Course  for BeginnersFull Stack Web Development Course  for Beginners
Full Stack Web Development Course for Beginners
 
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptxMULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
 
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdfTataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
 
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
 

Topchro whitepaper

  • 2. EXECUTIVE SUMMARY 02 POST MILLENNIAL WORKFORCE- TRAITS & PERCEPTIONS 03 CROSSROADS- CHOOSING THE RIGHT DIRECTION 07 09 CONCLUSION 09 REFERENCES TABLE OF CONTENTSCONTENTS
  • 3. A TOPCHRO WHITEPAPER © 2018 TopCHRO.com All Rights Reserved. Business Leadership dimensions in the past decade have changed beyond comparison, over the previous ones. While most would a ribute this to the all-pervasive technology disrup on brought about by the internet, a large part of this has also been global uncertain es in the economic climate of the post-recession era. This whitepaper aims to address the crisis that might arise largely due to the lack of orienta on of the post millennial workforce vis-a- vis “tradi onal” industries. The millennial demographic segment is moving into managerial roles of almost every organiza on. It will soon be me for the post-millennial demography, too, to be decision makers. We express our concerns about this transi on at a granular level and an cipate that the disconnect in core competencies will be stark – especially in tradi onal process oriented manufacturing industries like Oil and Gas, Metals as well as labor intensive sectors like Civil Engineering and Construc on, Healthcare, Logis cs and Freight and a whole lot of others. A step towards this can be taken by conduc ng leadership building programs that will a ract high-quality candidates, rota onal development of the post millennials in chosen areas, deploying them in matrix environments, conduc ng regular inter-genera onal grooming sessions and intensive programs on conflict resolu ons, compliances and so on. We hope these will provide present and future talent managers with the broad framework which they can use to ensure a fluid succession of business leadership to the post millennial genera on. But- can they really do it? Can they come out of the comfort of their cubicles and work in confined and rigid structures like a typical factory? Or can they ins ll the sorely needed excitement and agility, a characteris c trait of their genera on, into a blue collared workforce which is not only resistant to change but also reluctant to take orders from somebody they consider puerile, as well? This TopCHRO whitepaper has been developed with an inten on to propose solu ons to future ready organiza ons that are facing two crucial bo lenecks to business excellence: 1. A future leadership crisis. 2. Aversion of the post millennial workforce towards "tradi onal" industries. Furthermore, it sheds light on how next- gen organiza ons can harness their untapped poten al to surge ahead into the future.
  • 4. A TOPCHRO WHITEPAPER The first step towards iden fying the skill-gaps in this area is to denote the most prominent traits of the millennials that comprise the workforce. 1. Millennial leaders are conscious and proac ve leaders. There is a certain awareness that exists among them. This awareness entails a reflec on on self, work, and community. 2. Millennials are more centered in what the future will look like. 3. Millennials embrace complete and immediate transparency. 4. Millennial leaders are collabora ve. A collabora ve leader will solve more than a self-centered leader and Millennials know this. 5. Millennial leaders have an embedded view of solving problems. They are strategic thinkers and solu on finders. 6. Millennials lead with “innova on and change”. 7. About half of millennials define leadership as “empowering others to succeed” While 46% of US employers state “leadership” as the biggest challenge when hiring for managerial and execu ve posi ons, only 13% of employees feel that the in-house training provided by their employers adequately prepare them for leadership roles. So much so, that the number of male millennials aspiring for the C-suite has dropped by nearly half (36% vs 64%) of their previous genera on- the overall segment, if female millennials are included, is reduced to a mere 11%. In spite of the lack of managerial skills and views thereof, millennials are also one of the most misunderstood at the workplace. © 2018 TopCHRO.com All Rights Reserved.
  • 5. A TOPCHRO WHITEPAPER • 50% of the millennials say that the older senior managers do not relate well with the younger workers. • More than 30 % say that their personal drive is in mida ng to older genera ons. • Uncertain economic climates in several western economies, which have now come to be the mainstay of the global business environment • Technological advancements that have changed the very fabric of societal and workplace communica on- especially team messaging applica ons over which millennials and post millennials prefer to communicate • Emergence of several new-age businesses and professions, many of which are highly technical and complex, and require a significant degree of exper se-millennials and their successors now prefer individual contributor roles, linked to higher compensa on, over leadership roles in management. These factors are rapidly gaining ground, and research shows that only 29% of millennials aspire for corporate leadership responsibili es vs 54% of Gen X. With close to 40 million people in the present global corpora on leadership in the USA expected to re re over the next ten years, there is a glaring gap of leaders with skills AND traits to retain the velocity of growth that we have seen the GEN X leaders bring to the table. © 2018 TopCHRO.com All Rights Reserved.
  • 6. A TOPCHRO WHITEPAPER • 36% of millennials say they prefer to communicate electronically at work than face to face and over telephone. • 50% of the millennials say that the older, senior managers do not relate well with the younger workers. • 42% of millennials felt that their managers did not always understand the way they use technology at work. The expert opinions on this subject seem to easily match the sta s cs. Millennials and post millennials as on date are NOT prepared to lead tradi onal, cross border and cross cultural corpora ons at even the present growth levels, much less set the stage for further globaliza on and growth that we have seen from their predecessors. With regard to matching blue collar workforces or mee ng general stakeholders' expecta ons, most millennials and post millennials do not seem to be in sync, either. More than 47 survey reports point out that the millennials and their successors actually have the requisite know-how and individual exper se at par with their predecessors. The cri cal disconnect lies in their acclima za on towards tradi onal workforces. This and their lack of exper se at effec vely maintaining communica on with all stakeholders on their vision and strategy, are the areas where they are predicted to lose grounds in the near future. There is an urgent need to reduce this significant disparity within the managerial and leadership segments of the workforce before the re rement of the current genera on of dynamic business leaders, in order to ensure a `seamless transi on. Talent Managers are required and expected to lead this change successfully. © 2018 TopCHRO.com All Rights Reserved.
  • 7. A TOPCHRO WHITEPAPER © 2018 TopCHRO.com All Rights Reserved.
  • 8. A TOPCHRO WHITEPAPER © 2018 TopCHRO.com All Rights Reserved.
  • 9. A TOPCHRO WHITEPAPER Workplace culture is a cri cal factor that affects almost every single func on and every single employee in the organiza on. Nothing mo vates employees and business leaders more than a posi ve and produc ve workplace culture. At the same me, changing demographics at the workplace can lead to a long drawn cultural flux, the kind that inhibits development and progress. With a mul -genera onal workforce, this is a very potent challenge for talent managers. Constant, well-planned events and communiqués that encourage harmony and par cipa on in ini a ves by all employees can effec vely enable talent managers to improve a unified and produc ve workplace culture- also one of the primary expecta ons of millennials and post- millennials from their employer. © 2018 TopCHRO.com All Rights Reserved.
  • 10. A TOPCHRO WHITEPAPER About TopCHRO TopCHRO™ is a one stop portal for best performing CHROs and other HR professionals worldwide. The elite TopCHRO™ line-up of the 100 finest CHROs is the finest group of men and women who have made an impact to the People Func on and industries globally. Apart from highligh ng global top performers, the portal also aims at facilita ng knowledge, informa on and insigh ul discussions among HR professionals. The portal is a collec ve effort and constantly seeks opinions and inputs from meritorious HR professionals. To contribute to our knowledgebase please contact our team at ask@topchro.com Technology is a double edged sword. HR Managers today have an unprecedented advantage over their predecessors. They have advanced talent management technology pla orms that empower them in acquiring, managing and retaining talent, Talent managers today are warriors in the war for talent under the constant threat of losing the best talent to their compe tors. Millennials are on the verge of taking over the reins of corporate leadership in every major organiza on of the world. While this genera on is the most educated and technology savvy and is largely responsible for propaga ng the popularity of the internet, its dependence on technology based communica on is also proving to be its undoing. Millennials are a distracted lot, relying more on their smartphones and social networks than interpersonal communica on and organiza onal vision. Their career aspira ons, a tudes about work and knowledge of new technologies will define the culture of the 21st century workplace. A monumental shi in the tradi onal leadership model is not far away. In order to engage and retain this new, energe c genera on of leaders, talent managers must shi their mindsets to provide more personalized and targeted development programs. Only by embracing the changes and engaging today's millennial professionals, can talent managers successfully build the leaders of tomorrow. Technology is a double edged sword. HR Managers today have an unprecedented advantage over their predecessors. They have advanced talent management technology pla orms that empower them in acquiring, managing and retaining talent, Talent managers today are warriors in the war for talent under the constant threat of losing the best talent to their compe tors. Millennials are on the verge of taking over the reins of corporate leadership in every major organiza on of the world. While this genera on is the most educated and technology savvy and is largely responsible for propaga ng the popularity of the internet, its dependence on technology based communica on is also proving to be its undoing. Millennials are a distracted lot, relying more on their smartphones and social networks than interpersonal communica on and organiza onal vision. Their career aspira ons, a tudes about work and knowledge of new technologies will define the culture of the 21st century workplace. A monumental shi in the tradi onal leadership model is not far away. In order to engage and retain this new, energe c genera on of leaders, talent managers must shi their mindsets to provide more personalized and targeted development programs. Only by embracing the changes and engaging today's millennial professionals, can talent managers successfully build the leaders of tomorrow. © 2018 TopCHRO.com All Rights Reserved.
  • 11. Morin, Amy (2016). Want To Train Millennials To Lead? 6 Things You Should Know About The Millennial Mindset. [Online] Forbes.com. Available at: h ps://www.forbes.com/sites/amymorin/2016/07/27/want-to-train-millennials-to-lead-6-things-you- should-know-about-the-millennial-mindset/#6c77c4494782. Forbes.com (2016). Four Strategies To A ract And Keep Your Best Millennial Talent. [Online] Available at: h ps://www.forbes.com/sites/forbesnonprofitcouncil/2016/08/23/a ract-and- keep-your-best-millennial-talent-for-the-long-haul/#2041299b7891. Brousell, Lauren (2015). How millennials challenge tradi onal leadership. [Online] Forbes.com. Available at: h ps://www.forbes.com/sites/forbesnonprofitcouncil/2016/08/23/a ract-and-keep- your-best-millennial-talent-for-the-long-haul/#643757787891. Har ort.com (2015). A genera on of leaders. [Online] Available at: h ps://s0.hfdsta c.com/sites/the_har ord/files/2015-millennial-leadership.pdf Gallup.com (2018). How Millennials Want to Work and Live. [Online] Available at: h ps://news.gallup.com/reports/189830/e.aspx This whitepaper has used various other reference materials available in the public domain, please contact ask@topchro.com for any further assistance. 6200 Savoy Dr #630, Houston, TX 77036, USA www.topchro.com © 2018. TopCHRO. All Rights Reserved. This whitepaper is a property of TopCHRO.com. The whitepaper or the informa on cited in the whitepaper should be used for informa on purpose only. Facts and figures presented in the paper are subject to change at any me without any prior no fica on. Certain statements made in the whitepaper are forward-looking projec ons. These carry risks and uncertain es and may differ from actual events. TopCHRO™ does not guarantee applica on or validity of informa on and insights in the paper and will not be responsible for any loss that may arise from use of the informa on or insight cited in the whitepaper. Readers are advised to use their own judgment while making related decisions.