Young employees drinking beer When asked what their millennial bosses do best, 65 percent cited creating flexibility in the workplace. (Photo: Shutterstock)

Millennial bosses certainly are a different breed. They communicate differently, and their prime motivation for the job isn't money, but the impact they can have on organizational culture.

According to a Korn Ferry study, millennial bosses' preferred method of communicating with their direct reports is via text message (55 percent) or via e-mail (28 percent), with just 14 percent favor in-person meetings and 3 percent by phone.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.