1 Formulating Leadership Part 1 2 Formulating Leadership To both recruit and create effective leaders from the millennial generation, the first step you need to take is to try and understand them. Millennials are stereotyped as entitled, demanding, arrogant, lazy, and self-centered (Steinhibler, 2017). Regardless of how they might be viewed, millennials are about to make up a significant percentage of every organization, and they should be prepared for leadership through proper initiatives. The millennials bring a new and unique way of looking at situations, which means if they are utilized correctly, they can help bring about positive change and growth within a company. It is important that as a company we find ways to keep millennials engaged, as well as creating new and exciting challenges for them. Millennials want to feel as though they are part of a team and making a difference (Steinhibler, 2017). We would like to see our future leaders tasked with taking the lead on projects to see how they do. We think it would be an innovative idea to have mentors guiding them through the process, as well as to give them feedback on how they are doing. Benefits of a Millennial Millennials have a hunger for success and can be very hard working. According to Fries (2017), 91% of millennials aim for leadership. Most millennials seek these positions to empower others and create change, one of the greatest traits of a leader. Although they can get bored in a job if not properly challenged, they are still appreciative of that job. Whether we are recruiting or trying to promote within our company, it is important to identify our future leaders’ goals, and outline how they can accomplish them. Millennials are very goal oriented. If you help keep them motivated and working towards those goals you can increase both job satisfaction and job performance. Organizations should focus on assisting millennial leaders as well as recruit new leaders to focus on collaboration. Not only are millennials good at working in groups, but they 3 also enjoy it; so, if you can offer them that type of environment, you will increase new job applicants (Long, 2017). Preparing Millennials for Leadership Roles Fries (2017) offers five ways to prepare millennials for leadership positions: challenge them to improve technical skills/experience, prioritize communication and transparency, provide regular feedback, and provide leeway while requiring justification, and match them with a mentor. In addition to having their skills and perceptions challenged, millennials need to learn hard skills and gain technical expertise. Secondly, transparency with policies and procedures will help familiarize millennials with how and why leadership decisions are made. Offering regular feedback to millennials provides them a chance to adjust and develop their skills over time. The more frequent the feedback, the more growth they can demonstrate (Fries, 2017). A common trait of millennials is the desire to have a healthy work-life balance (Fries, 2017). Providing flexibility regarding how and when they work will encourage creativity and give them the work-life balance they crave. It is essential, though, to keep the individuals held to a high standard to avoid affecting performance and productivity. Lastly, matching millennials with mentors will give millennials the type of one on one feedback and advice that can help them make better decisions in their careers (Fries, 2017). Conclusion Incorporating millennials into the strategic plan of the corporation is important. I would present this information by PowerPoint presentation introducing them to all the benefits millennials offer, millennials value being inspired, which means that as leaders, they work to encourage others in the office. They build emotional connections with co-workers and employees to get to their hearts, which is the best way to keep a team strong and highly 4 motivated and to performance at their best. We’re confident that we can not only recruit and promote new millennial leadership, but also use the strategies laid out in this presentation to continue to find new challenges that will keep them engaged. 5 References Fries, K. (2017). 5 Effective Ways to Prepare Millennials for Leadership Roles. Retrieved from https://www.forbes.com/sites/kimberlyfries/2017/12/20/5-effective-ways-to-preparemillennials-for-leadership-roles/#3ca50dae1776 Long, J. (2017). 10 Millennial Leadership Qualities That Contribute to a Positive Office Culture. Retrieved from https://www.entrepreneur.com/article/296851 Steinhibler, Brianna. "7 Ways Millennial are Changing the Workplace for the Better". NBC News, 2017, https://www.nbcnews.com/better/business/7-ways-millennials-are-changingworkplace-better-ncna761021. Accessed 10 May 2018. 
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