School administrators are facing the perfect storm: a growing number of baby boomers retiring each year, an absence of experienced teachers to take their place, and high turnover among young teachers. The need to hire and retain a new generation of teachers is one of the biggest challenges facing school administrators. To fill these vacancies, they must develop a plan for mentoring new teachers and retaining the expertise of their veteran teachers. But first, it will help if school administrators understand how young teachers are different than previous generations and what they need and expect from them. In this article, the author suggests that in order to be an effective school leader for Gen Y teachers, school administrators must be aware of the talents and demands that these young teachers bring to their first job, what to avoid, and how to make the most of their talents. Knowing the characteristics of each generation in the teaching force, their unique needs, and how to lead a multigenerational faculty will help them recruit and retain effective teachers.