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Millennial Leadership How to Make a Difference in the Public Sector

Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

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Page 1: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

Millennial LeadershipHow to Make a Difference in the Public Sector

Page 2: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

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

Page 3: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

Welcome

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

Page 4: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

Goals• What is a millennial?• What do millennials

want?• Who are leaders and

what traits do they possess?

Page 5: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

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

Page 6: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

Understanding Cross Generation Employees

Page 7: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

Five generations in the workplace

Page 8: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

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."

Page 9: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

• 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

Page 10: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

Millennial Leadership"Managing Up"

At AllLevels

Page 11: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

Who are Leaders?

Page 12: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

Are these Leaders?

Page 13: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

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

Page 14: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

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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Page 15: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

Personality Traits of Leaders

Determination Insight Curiosity Engagement

Page 16: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

Core Competencies of Leaders

1 Results Orientation

2 Strategic Orientation

3 Collaboration & Influence

5 Developing Organization Capabilities

6

7

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.

Page 17: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

Competency Definitions• Method to grade

leadership ability and potential

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

Page 18: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

Key Take-Aways

Generations cannot be stereotyped

Leaders are found at all levels

Leadership Development leads to organizational growth and success

Page 19: Millennial Leadership - Northern Virginia Chapternovaga.org/wp-content/uploads/2018/04/Millennial-Leadership.pdf · Developing Leaders •66%of companies invest in programs to identify

Contact InformationAlexander Yow, Grant ThorntonP: 703.637.2679E: [email protected]

AYowCPA