millennial leadership - northern virginia...

Millennial LeadershipHow to Make a Difference in the Public Sector

Introduction: Alexander Yow, CPA

• Associate at Grant Thornton Public Sector

• 2015 graduate in Accounting from George Mason University

• 4-time USA Taekwondo National Team Member

• Taekwondo Coach

Welcome

How does the term Millennial Leadership make you feel?(Excited? Annoyed? Neutral?)

Goals• What is a millennial?• What do millennials

want?• Who are leaders and

what traits do they possess?

Question 1

How do you self identify??

A. The “Builders” or “Matures” – born before 1945B. Baby Boomer – born 1945 -1964C. Gen Xers – born 1965 - 1980D. Millennials (Gen Y) – born 1981 - 1994E. Gen Z or “linksters” – born after 1995

Understanding Cross Generation Employees

Five generations in the workplace

Millennial Quick Facts

• Age: 25 – 36 years old• Older millennials may be in supervisory roles

• Millennials grew up during significant technology advances:

• PCs -> Laptops -> Tablets• Cell phones -> Smart Phones

• Harvard Business Review: "Conventional wisdom holds that Millennials are entitled, easily distracted, impatient, self-absorbed, lazy, and unlikely to stay in any job for long. On the positive side, they’re also looking for purpose, feedback, and personal life balance in their work."

• According to a study by IBM, career goals have remained the same across generations

• Negative traits of millennials consistent with traits of youth

• Bottom Line: Millennials cannot be stereotyped

Work Aspirations Across Generations

Millennial Leadership"Managing Up"

At AllLevels

Who are Leaders?

Are these Leaders?

Popular Leadership Phrases

• Frequently used to encourage young leaders

• Leadership does not require leading an empire, it means influencing those around you in an impactful way.

Lead by Example

Be a Leader Not a Follower

Developing Leaders• 66% of companies

invest in programs to identify and advance high-potential employees

• Of those programs….• 24% of senior

executives consider the program to be a success

• 13% of senior executives have confidence in rising leaders

According to Harvard Business Review:"Organizations around the world are failing on one key metric of success: leadership development"

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Personality Traits of Leaders

Determination Insight Curiosity Engagement

Core Competencies of Leaders

1 Results Orientation

2 Strategic Orientation

3 Collaboration & Influence

5 Developing Organization Capabilities

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Change Leadership

Market Understanding

4 Team Leadership 8 Inclusiveness

Young leaders may not excel at all of these, however some apply to all levels and others can be taught.

Competency Definitions• Method to grade

leadership ability and potential

• Strengths in personality demonstrate potential in certain competencies, while accomplishments show level

Key Take-Aways

Generations cannot be stereotyped

Leaders are found at all levels

Leadership Development leads to organizational growth and success

Contact InformationAlexander Yow, Grant ThorntonP: 703.637.2679E: alexander.yow@us.gt.com

AYowCPA