Corporate Succession Planning — A Millennial Approach

Publisher: Pryor Learning, LLC

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Corporate Succession Planning — A Millennial Approach

Organizations considering succession planning need to cultivate employees who currently comprise a majority of their workforce: millennials, those born between 1981 and 1997. In 2015, they surpassed Generation X to become the largest share of the American workforce. Whatever people think of millennials, they are—and will be—critical to future business and economic growth. They are the next managers, C-suite executives and CEOs. A negative connotation is often top of mind when thinking of millennials, often described as self-centered, job hoppers and lazy. But nearly 50% of millennials are already in leadership positions.