Gen Y and Gen Z workers will compose the majority of the workforce by 2025! Therefore, it is no surprise that many of these younger workers are already taking up leadership/management roles. According to one study, 27% of Gen Y are already managers, 5% are in senior management, and 2% are executives. With this new generation of management, many organizations are scrambling to train them (with some companies provide no training at all).
The problem: many leadership training programs fail.
TrainingIndustry.com estimates that leadership training is a $366 billion global industry, and yet, a study by McKinsey revealed a surprising state about the leadership industry: most of these leadership programs fail to create the desired results.