51% of Millennials surveyed say feedback should be frequent or continual.*

As Millennials make up a growing part of modern workforces, companies have to take a fresh look at leadership development practices. Many companies spend the majority of training and development budgets on the highest layers of their organization. Shifting your development strategy to include more continuous learning at all levels of the organization will be more effective going forward. You’ll create more engaged, motivated, and productive employees today and see greater retention over time.

Yes. Some stereotypes are true.

One of the strongest Millennial traits is that they want regular feedback and praise for achievement on the job. Companies can respond simply by making sure to set clear targets and providing timely, useful feedback.

The opportunity for companies is that Millennials expect to keep learning while they work and spend a lot of their work day and personal time trying new things and absorbing new information. It’s not surprising that 35% say they are attracted to employers who offer excellent training and development programs and consider these a top benefit.

Age does matter.

While younger workers may come to work with more computing and social media skills than their coworkers, they often lack an inherent understanding of workplace diplomacy and etiquette. As millennials begin to make up a larger percentage of the work force, companies are responding with additional focus on training in the areas of workplace behavior and culture for all generations. Younger employees may need education in the importance of prioritization and deadlines, while older generations may need education in the expectations of others when using chat, email, and collaboration software.

* Millennials at work: Reshaping the workplace. PwC 2011