1. By 2020, get set for a 29-year old boss; know how to get future ready for a Gen Y CEO

By 2020, get set for a 29-year old boss; know how to get future ready for a Gen Y CEO

The older boss is all set to get extinct in the workplace.

By: | New Delhi | Published: July 17, 2017 3:39 PM
Ritesh Agarwal, Ankit Bhati, Bhavish Aggarwal, millennials, millennial boss, millennial bosses, Gen Y CEO, ola, flipkart, oyo rooms, young boss, young managers, entrepreneurs, young entrepreneur, generation y For the young managers, the workload is the same but they tend to want different things than the older generation. (Reuters)

The older boss is all set to get extinct in the workplace. The dynamics in the office are moving towards the younger boss. What is more, the trend getting cemented even has a date attached to it! American consulting firm ManpowerGroup says that by 2020, millennials (born between 1982 and 2004) will be about 35 per cent of the global workforce. So how do you get future ready? Well, by knowing what their habits and thought processes at work are. According to CNN Money, for the young managers, the workload is the same but they tend to want different things than the older generation. Young people tend to value work-life balance more and need more flexible hours. While they are less detail-oriented, the younger generation seeks credit more than salary and promotion. Moreover, more millennials want to do entrepreneurial work than their older counterparts did.

India has several entrepreneurs who became bosses at a very young age. Founder and CEO of OYO Rooms, Ritesh Agarwal is 23. The hotel brand, founded in 2013, is currently India’s one of the most successful budget hotel chains across the country. India’s e-commerce platform, Flipkart’s co-founder is 35 years old with a net worth of $1.3 billion, according to Forbes India Rich List. Cab aggregator app, Ola’s founders Ankit Bhati and Bhavish Aggarwal are 30 and 31 respectively.

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Scott Kitun, CEO of media start-up Technori told CNN that the younger generation is much more organized and efficient than the older generation. The digital generation is handling apps and inflow of information on a daily basis which makes them better at managing different things at once, he said. However, some young bosses have complained about not being taken seriously by older colleagues. Ayo Omojola, owner of a startup in New York said in the report that older men ‘mansplain’ things and interrupt when she speaks. She said that gender bias has not quite vanished from the workplace despite the changing dynamics of the workforce.

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