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Integrated Model of Millennial Management

International Journal on Leadership

Volume 8 Issue 1

Published: 2020
Author(s) Name: Prateek Pramod, Saurav Kumar Ganguly, Shruti Biswajit Mukherjee | Author(s) Affiliation: Student, XLRI, Jamshedpur, Jharkhand, India.
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Abstract

Organizations have started paying growing importance to millennial management, considering that the modern workplace consists of a significantly higher millennial population. Millennials hold values, behaviors, and expectations that are quite different from the members of other generations. Therefore, organizations must come up with tailor-made and customized solutions towards managing millennials. This paper aims to examine the various solutions that organizations can use in successfully managing millennials and provide an integrated model for the same. The methodology adopted for the production of this paper is literature review. Research works of various authors in areas of generational differences, managing millennials, stereotypes associated with millennials, and many other topics were studied to gain insights regarding millennial management. This paper presents to us the various methodologies that can be adopted for millennial management. The various solutions for millennial management have been divided into five heads: career development, technology, generational differences, personal growth & development in the organization, and organizational culture. Organizations should use a combination of solutions presented across these five categories to meet millennials’ demands and expectations and integrate them into the organization successfully.

Keywords: Human Resource Management, Managing Millennials, Millennial Traits, Generational Differences, Millennial Workforce, Workplace Culture

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