In March 2016, TMS Academy - the integrated leadership development arm of Temasek Management Services (TMS) - hosted its tenth Young LEADERS! Programme (YLP) in Singapore. The 5-day programme which brought together 42 participants from 23 multinational companies is designed to help high potential and newly appointed young managers make the transition from individual contributors to team leaders.
Developed in partnership with the Darden School of Business at the University of Virginia, the programme focuses on harnessing and optimising individual and team strengths while preparing new managers for the rigors of leadership. The YLP creates a deep awareness of the individual’s leadership impact and ability to drive team performance.
This year, guest speakers included Ms Kuik Shiao Yin, Co-Founder and Director of the Thought Collective, whose mission is to build up the social and emotional capital of Singapore; and Mr Lim Him Chuan, Managing Director and Group Head of Global Transaction Services at DBS Bank. Both speakers shared their personal leadership experiences and the challenges they faced at the early stages of their journeys in management.
The YLP was extremely well received by the participants. One participant from SATS Catering shared: "The programme structure was well targeted to blend both head and heart knowledge about leadership aspects. You need to balance business and relationships."
The YLP started in 2009 and as of today, 279 people have attended the programme. Over the years, the YLP participants - who are typically young managers in their thirties - have consistently rated the programme very highly. The YLP is one of the programmes in the leadership suite offered by TMS Academy, which also includes the LEADERS! Programme, recommended for high potential executives already in leadership roles and the Global LEADERS! Programme, which caters to executives in senior leadership roles, typically C-minus one or two levels.
By 2020, Millennials - also known as Generation Y, those born between the early 1980s to around 2000 - will comprise half the global workforce. The sheer size and influence of the Millennial generation has important business implications, not the least of which is what kind of leaders they will make 10 years from now. Fortunately for businesses, a strong desire for continuous learning is one of the defining characteristics of this demographic. Thus by providing formal and informal training opportunities, focusing on the technical skills Millennials need to advance along with key non-technical attributes, particularly leadership and communication, companies can successfully groom the next generation of leaders. (Source: Millennials at Work Reshaping the Workplace by PWC)
According to Fast Company, despite struggling with debt, recession, and the jobs crisis, Millennials are not motivated by money. Rather, they aim to make the world more compassionate, innovative, and sustainable. More than 50% of Millennials say they would take a pay cut to find work that matches their values, while 90% want to use their skills for good.