DOI: 10.5176/2251-2449_HRM&PD12.02
Authors: Carolin Rekar Munro
Abstract: The organizational landscape is on the tipping point of a fundamental shift as baby boomers en masse transfer the leadership torch to the next generation and retire from the workplace. However, the transition is fraught with challenges as there is a scarcity of fully prepared individuals to assume these leadership roles.Thus the purpose of this paper is to present results from a study exploring how organizations are preparing for the next generation of leaders, Generation Y (GenY). This paper addresses three key issues: (1) the leadership role and competency profile required by GenY leaders; (2) the organizational initiatives in place to identify, develop, and retain GenY leadership talent; and (3) the anticipated changes as leadership roles are filled by GenY.
Keywords: leadership, leadership development, Generation Y, succession planning, mentoring, employee engagementI.
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