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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