Also, technology has radically changed the way people do business — especially Millennials. The younger generation isn’t afraid to embrace remote work, Skype meetings or getting an entire workday done via smartphone and tablet.

“Older generations may think, ‘Oh, they aren’t working hard because they aren’t in the office,’ but the Millennials are just embracing change. Just because they are embracing these new ways to work doesn’t mean they aren’t capable.”

Many Millennials are now managers and CEOs

Millennials aren’t just kids trying desperately to make it onto the bottom rung of the corporate ladder — many of them are leading companies and influencing change worldwide.

“We have been talking about how to ‘manage’ Millennials, but in many cases Millennials are already managers,” McDonald says. “Rather than talking about how to manage them, we need to be talking about their management style, and what they bring to the table as leaders.”

Older Millennials are now 32, McDonald says, and as Baby Boomers retire, Millennials will be taking on more responsibilities.

“It’s becoming more the norm to see Gen Y-ers managing Boomers,” he says.

In order to ensure career advancement, millennials shouldn’t be afraid to demand clear expectations from their managers.

“Many Boomers and Gen X-ers seem to resent millennials, using terms like ‘entitled’ or ‘precocious’ to describe their younger colleagues, but are ineffective at setting expectations or providing context or clear direction, thus leaving their millennial teammates at a loss of how to contribute effectively,” says Lee Caraher, author of Millennials & Management: The Essential Guide to Making It Work at Work.

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