The 20-Something Leadership Revolutionaries

In our Companies Where Millennials Thrive series, leaders across all generations agreed on one major thing: in the workplace, millennials need consistent feedback in order to succeed, be happy in, and be loyal to their jobs. And, as millennials themselves become leaders, that feedback loop is becoming more and more commonplace in corporate culture.

But, as FastCompany reports, there's a right and a very wrong way to give feedback. "Learning how to give feedback the right way is what changes behavior and keeps your people around," writes Luc Levesque, a VP at TripAdvisor in Needham. "Feedback for the sake of feedback doesn't change behavior. 'Give feedback' is not something that belongs on a leader's to-do list. The difference between a good leader and world-class leader is how he or she gives feedback: in the right way for that specific individual, for that specific situation. It's all about context and customization."

And as more millennials assume leadership positions around the world, organizations are becoming increasingly concerned with how to ensure their success. In a recent study called "Millennials: Understanding A Misunderstood Generation," featured in the Harvard Business Review, 40 percent of millennials claimed that being a manager/leader was "very important" to them — but also for very different reasons than one might think. The study also found that the type of manager that North American millennials want is one who "empowers their employees."

Millennials will make up an estimated 50 percent of the workforce by 2020, according to PWC. It may sound startling, but that is only five years away. Forbes recently published a list of "Three Things Everyone Should Know About Millennial Leaders," because businesses need to be ready for the influx of millennial leaders and the changing nature of leadership. And soon.