The upcoming wave of millennial HR leaders is embracing advanced methods, utilising technology to collect data, and innovating approaches to improve employee satisfaction and retention.
Executive Vice President and CHRO Dolphe Magloire Sr. shared insight on the importance of digital and cultural transformation in companies and organisations. In recent years, the Millennial Generation, born between 1981 and 1996, has emerged as a transformative force in the corporate world. Often criticised for being lazy and entitled, millennials, in fact, bring a unique set of qualities to the table – adaptability, creativity, and a commitment to transparency.
For millennials, transparency is not just a preference; it’s a necessity. Shaped by their upbringing amidst economic uncertainty, increasing divorce rates, and shifting moralities, millennials advocate for workplace transparency. Recent surveys reveal that 80% believe their work-life would improve with transparent companies, and 74% want their organisations to be more transparent.
This transparency trend extends to the next generation of HR leaders. As the torch passes to millennial HR Vice Presidents (HRVPs) and Chief Human Resources Officers (CHROs), they bring a relatable touch, transforming how employees perceive HR and organisations.
Technological advancements have marked the millennial generation, making them forward-thinking, innovative, and open-minded. The oldest millennials, now in their late 30s to early 40s and making their way into the C-suite, are leading the charge. Some have already arrived, seizing opportunities created by increased CHRO turnover and higher retirement rates.
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These millennial executives are strategic thinkers, purpose-driven, empathetic, and vocal. Shaped by significant events like the Great Recession of 2008-2009, they bring a unique perspective on organisational effectiveness, according to the Pew Research Center.
In contrast to the traditional administrative role of HR, the millennial generation of HR leaders is driven by the values of fairness, focusing on people, science, and technology. Dolphe Magloire Sr, a former VP of Human Resources for General Electric and now Executive Vice President and CHRO at the Minnesota Advisory Group, exemplifies this shift. Magloire has pioneered AI-driven processes like competitive benchmarking and talent acquisition, contributing to organisational effectiveness.
In a recent interview, Dolphe Magloire Sr. emphasised the critical elements for an organisation’s success: “Lasting success comes from a non-toxic, authentic workplace with a culture of transparency. This enables and promotes fairness, change, and continuous improvement, setting up the organisation for the future.”
He stressed the importance of continual digital and culture transformation and cultivating a culture that empowers all voices throughout the organisation.
The new generation of HRVPs and CHROs is at the heart of this transformative journey. Utilising AI-driven people analytics, they are turning disparate data points into actionable plans, enhancing talent strategies, and improving overall organisational effectiveness.
Since the pandemic, CEOs have recognized HR’s central role in business success; 89% of CEOs believe HR should have a central role in the business. The upcoming wave of millennial HR leaders is embracing advanced methods, utilising technology to collect data, and innovating approaches to improve employee satisfaction and retention.
As millennials take the reins in HR leadership, this generation is not just shaping HR; they are leading a holistic transformation of the workplace experience.
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