Who is Developing Our Future Leaders
Posted by Ralph Montesanto
on May 22, 2012
Donna Stevenson, owner of Boomer Match to Business, worries that businesses, professions and service organizations will lose much of their expertise within 8 to 10 years as 50% of the boomers retire. To offset this loss, she has 25 boomer experts in her company who help organizations meet this challenge.
There are four major influences affecting the work force. They are 4 generations in the work force; over 40% of senior positions are held by boomers; generations X and Y have different views on work and different ways to communicate; and, studies have shown that less than 25% of businesses and organizations have succession plans.
By 2020 Generation Y will be 50% of the workforce and they are young and inexperienced. Her solution is to hold boomer leaders accountable for developing future leaders following a number of best practices. They need to set up cross functional teams, define the composition of their current workforce, develop a plan for attracting and retaining leaders, research "next" practices, and define leadership values.
Once the demographic makeup of the organization is reviewed potential future leaders need to be identified and an assessment made of current boomer leaders who will make the best coaches/mentors for the emerging leaders.
There are four major influences affecting the work force. They are 4 generations in the work force; over 40% of senior positions are held by boomers; generations X and Y have different views on work and different ways to communicate; and, studies have shown that less than 25% of businesses and organizations have succession plans.
By 2020 Generation Y will be 50% of the workforce and they are young and inexperienced. Her solution is to hold boomer leaders accountable for developing future leaders following a number of best practices. They need to set up cross functional teams, define the composition of their current workforce, develop a plan for attracting and retaining leaders, research "next" practices, and define leadership values.
Once the demographic makeup of the organization is reviewed potential future leaders need to be identified and an assessment made of current boomer leaders who will make the best coaches/mentors for the emerging leaders.