This study aims to analyze the effect of leadership and training on performance through motivation as an intervening variable at PT. Madani National Capital (Persero). Based on the results of research from Dale Carnegie Indonesia that 25% of the millennial generation has no attachment to the company. This phenomenon also occurs in PT PNM where almost 95% of the turnover is millennial employees. HR is an asset for the company so that employee performance will have an impact on company performance. Leadership and training are very important factors in the development of an organization. Work motivation is a work urge that arises in an employee to do certain jobs or activities so that motivation has an important role in the organization which will have an impact on employee performance. The population subject of this research are employees of PT. Permodalan Nasional Madani (Persero) who are under 40 years old in the Jabodetabek working area. Subjects that were used as samples were 877 respondents using the Structural Equational Modeling (SEM) method with IBM SPSS Amos 22 tools. The results of this study revealed that: 1) Leadership had a positive and significant effect on performance; 2) Training has a positive and significant effect on performance; 3) Leadership has a positive and significant effect on motivation; 4) Training has a positive and significant effect on motivation; 5) Motivation has a positive and significant effect on performance.

Keywords : Leadership, Training, Work Motivation, Millennial Employees, Employee Performance.