Millennials are reshaping the workplace
In order to retain and keep them engaged leaders must learn the new way to ‘managing’ Millennials
One of the highest reported elements of what Millennials value at their workplaces is that of their Bosses acting as their Coaches and not Managers.
Millennials value being coached as it indicates to them they are valued at their job and their coaches will empower them to improve and develop themselves.
Millennials value feedback and one that they have access to more frequently and more immediately than traditional performance reviews – something that most Millennials cannot relate much to.
As a Coach this will allow closer understanding of what Millennials need in order to do their job better, and how they can be further empowered to excel, and what areas they need to develop and work on in a timely effective manner.
Their need for frequent feedback and constant communication can be met and satisfied by introducing their leaders as Coaches.
Self-development is a very important factor in deciding to stay at an organization, if they are given the opportunities to feel they are valued they are much more likely to stay and feel their sense of achievement is aligned with that of the organization’s and their leaders.
If as a leader you are not acting as a coach to Millennials, you are in fact considered not an effective leader, and Millennials are less likely to be loyal to you.
Benefits of adopting Coaching as a method of Leadership
- Alignment of purpose
- Loyal Millennials
- Feeling valued and appreciated
- A sense of career progress and self development
- More engaged workforce
- Higher retention
- A stronger team-oriented mindset