How to Groom Your Millennial Employees to Be Effective Young Leaders
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Transcript of How to Groom Your Millennial Employees to Be Effective Young Leaders
How to Groom Your Millennial Employees to Be Effective Young Leaders
Presented by:
Lisa OrrellThe Generation Relations ExpertThe Orrell Group
March 11, 2010
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Webinar Agenda
Millennial Overview
Leadership vs Management Mindset
Attributes of an Effective Leader
Leadership Ethics
Developing a Leadership Brand
Q & A
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Gen X:~1966
to1979
Gen X:~1966
to1979
Generation Jones:~1954
to1965
Generation Jones:~1954
to1965
Boomers:~1942
to1953
Boomers:~1942
to1953
Millennials/Gen Y:~ 1980
to2002
Millennials/Gen Y:~ 1980
to2002
Millennial Overview: The Generational Snapshot 11
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Why is the Millennial Topic Important in the U.S.?
• 1/5 of American workers will hit retirement age by 2020
• Shortfall of 35 million workers over the next 0 to 20 years
• At a typical large company in the U.S. 30-40% of employees will hit retirement age in 5-10 years
• This can challenge U.S.-based companies to sustain their growth & strength
• Forcing Companies to Move Millennials Into Leadership Roles Sooner/Faster
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Leadership vs Management Mindset
“Outstanding leaders go out of their way to boost the self-esteem of their personnel. If people believe in
themselves, it’s amazing what they can accomplish.”
Sam Walton: Founder of Wal-Mart
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Leadership vs Management Mindset:Quick Snapshot of Differences
Leaders:• Seek Employee Commitment• Create Change & Take Risks• Are Passionate• Lead People• Give Credit
Managers:• Seek Employee Compliance• Maintain Status Quo• Are Controlling• Manage Work• Assign Blame
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Attributes of An Effective Leader
“63% of top executives say that most managers’ careers are stalled because they simply do not
understand others.”
Across the Board Magazine (for Business Leaders)
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Attributes of An Effective Leader
Understands What Motivates Each Team Member
Handles Crisis, Conflict & Times of Change
Don’t Take Themselves Seriously
Strategists Beyond Core Competencies
Creates & Shares Their Vision Clearly
Communicates Often & Listens More
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Non-Effective Leader Face.
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Leadership Ethics
“Approximately (only) 50% of all American working adults believe their senior executives
are people of high integrity.”
Results of a Study Conducted by Walker Information
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Leadership Ethics
“Leadership is about doing the right thing…even when no one’s going to know.”
Oprah
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Leadership Ethics
“Whoever is careless with the truth in small matters cannot be trusted with
the important matters.”
Albert Einstein
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Leadership Ethics:Why Worry About It?
Ethics Maintain a Moral Course During Turbulent Times
Ethics Cultivate Teamwork & Productivity
Ethics Build Trust In YOU
Ethics Promote A Strong & Positive Image
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Unethical Leader Guy.
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Developing Their Personal Leadership Brand…Starting Now!
“Don’t be someone you’re not. Find your ‘own’ voice and define your personal brand at work.”
VP of Global Services (Fortune 500 Company)
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Developing Their Personal Leadership Brand…Starting Now!
“Be aware that people are watching what you say and what you don’t say, and what you do and don’t do.
Your next opportunities, and indeed reputation, will be impacted by the actions and decisions you make
day-to-day…everyday.”
Senior VP of Human Resources (Fortune 1000 Company)
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Developing Their Personal Leadership Brand…Starting Now!
How to Create A Personal Brand:
Don’t Make It Company Centric!
Decide What You Want to Be Known For
Live Your Brand
“Visual” Brand Attribute
Construct Your Personal Brand Statement
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This Picture Will Make Sense Shortly.
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Developing Their Personal Leadership Brand…Starting Now!
Personal Leadership Brand Statement Example:
“I want to be known for being honest, fun, respectful,
supportive, hard-working and innovative so that I can
deliver effective results and solutions for my employer,
my team, and my peers.”
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Get A Grip On Leadership Takeaways
Developing Their Leadership Mindset Starts NOW
Leadership Skill-Building Requires On-going Training & Learning
Respect & Support Team Members & Co-Workers
Remember: WIIFM and W.A.I.T. (and Never Ass-U-Me)
Set A Moral Compass & Never Bend to Temptation
Praise Team & Individuals Often (Daily!)
Create & Live A Personal Leadership Brand
Honesty & Compassion Foster Trust…the Cornerstone of Being An Effective and Respected Leader (at ANY age)!
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Attendees Will Receive a 10% Discount on ANY of Lisa’s Seminars, Workshops or Keynotes!
Thank You & Questions
www.TheOrrellGroup.com
Twitter @GenerationsGuru
Join Me Online: LinkedIn & FaceBook
Blog.GenerationRelations.com
Lisa Orrell, CPCThe Generation Relations Expert
Speaker • Author • Leadership Coach for Millennials