The millennial generation — those born between 1980 and 2000 — number more than 53 million people in the U.S. alone. For many, Generation Y, as they often are called, conjure up images of entitled young people glued to technology and demanding workplace perks.
The key to understanding a generation is recognizing the time in history it occupies. The late 20th century and the early part of the 21st were characterized by rapid change, and out of this has grown the concept of mass customization. Creating a Leadership Pipeline: Developing the Millennial Generation Into Finance Leaders explores this concept in depth.
The findings in this report are based on an extensive review of existing literature as well as in-depth interviews with senior-level financial executives and subject matter experts. Recommendations for bridging the leadership gap include mentorship programs, enriched engagement incentives, continual learning advancements and other initiatives intended to support a work environment that nurtures new talent. This will help finance leaders engage millennials professionally and, in so doing, attract them earlier in their careers, creating a leadership pipeline and driving higher levels of retention.