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Most Successful Organizations Have Women and Millennials in Charge

Gender and generational gaps have recently become big buzz words in the business world. According to a new study, it’s not a passing trend: Having millennials and women in leadership positions directly correlates with the success of a company.

As FastCompany.com reports, the Global Leadership Forecast looked at the workforce issues affecting 13,124 leaders from around the world, representing 48 countries and 32 major industries.

Millennials present a unique catch-22: Their presence in leadership positions related to the company’s growth rate. Companies with a 30% proportion of young people in higher roles saw “aggressive growth,” according to the study. When it’s more like 20%, they saw “little to low growth” rates. At the same time, they were the least engaged of all the age groups studied, and the most likely to leave within a year.

Women in leadership, like millennials, are a sign of successful companies. Of the participating organization, those in the top 20% financially had almost twice as many women in leadership roles, as well as more high-potential women holding those roles.