The largest generation in the U.S. right now is the Millennials, or Generation Y, making up about 28% of our population. They currently represent 25% of the U.S. workforce, and the number of Millennials moving into leadership roles in the workplace increases every day as more and more Traditionalists and Baby Boomers retire.
Millennials consider themselves lifelong learners and have an insatiable appetite for learning and development. The companies that are going to retain these important employees understand this and have established leadership development programs and rotational development programs to engage Gen Y. These companies also understand that Millennials are used to and expect feedback, coaching, and mentoring on a consistent and regular basis. And those who know anything about Gen Y know that if you don’t find ways to engage and develop your Millennials, they will find another company who will.