Companies Failing to Develop Millennial Leaders

Demographic changes are quickly transforming the U.S. labor force. Millennials (born between 1980 and 2000) have become the largest generation in the U.S. workforce, and they will grow by 30% over the next 5 years.

Surprisingly, 50% of Millennials are already in leadership positions, and 41% have four or more direct reports. But according to Engaging Millennials through Leadership Development, a new report by leadership training firm Virtuali Inc., companies are not adequately preparing these emerging leaders.

“Moving from an individual contributor to a team leader is one of the most difficult professional transitions a person can make,” explains Virtuali CEO Sean Graber. “And in today’s flattening companies, the opportunities to be a ‘situational leader’ have never been greater. Key leadership skills – communication, collaboration, and the ability to manage – are requisites for all employees, regardless of level.”

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