Few months ago I was made the team leader of a development team comprising of 3 developers. The situation is such that all of them have more experience than me and are senior in age as well by 1 or 2 years.
I have been caught up in situations where they ask difficult questions regarding projects for which I have to constantly seek advice from my manager on how to answer their queries. Many times I have seen team morale being down as well due to pressure from management on meeting various project deadlines.
Also I am getting hints that two of them are applying elsewhere for which seems to be permanent posts with much higher pay than what I get currently.
My question in simple terms is how be a young and effective leader when you are expected to deal with members older than you? I know I cant stop them from leaving if they find better opportunities but how am I supposed to react or what should I say when such a situation arises?
Those who have been in above boat are most welcome to share your experiences, the do's and dont's.
Thanks in advance.