Leadership That Equips the Next Generation | Bill Issler

LEADERSHIP

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THAT EQUIPS THE NEXT GENERATION

Baby Boomers are reaching the golden age of retirement and with that, the younger generation of workers are beginning to step into their shoes. One of the biggest differences that comes with this transition into new leadership is the experience that the retirees are taking with them when they leave. it is imperative to the health of a company for impending retirees to start to equip potential leaders for success in their position before the transition takes place.

Utilize Mentoring

Mentoring is a low-cost and high-reward system for any industry. However, mentoring is not as easy as shadowing or bequeathing knowledge. It is actually beneficial for senior leaders to take courses or learn preliminary information about effective mentoring.

Define Competencies

Every stage of leadership requires specialized qualities for success.

Senior leaders and executives should clearly outline the competencies and skills necessary for success in their position. From there, it will be much easier to sort through the candidacy list of potential successors.

Integrate the New Leaders

Once the prospective leader or leaders are chosen, put them in the ring. Give them leadership tasks and duties to carry out while you oversee from a distance. It will not only solidify your choice in selecting them but gives them a chance to test-drive the position before fully taking over.

Develop Training Programs

Training programs have a similar benefit to mentoring, but with a more structured plan that can be used repetitively and on a larger scale. Boomers would be wise to be a part of the development of training programs to ensure that their skills and expectations are being taught to the younger generation of workers.

A diverse group of employees will come up with different ways to get to end goals.

Fostering a collaborative work environment not only promotes teamwork that leads to greater efficiency, but it is a great way to share knowledge between leaders and subordinates.

Foster Team Collaboration

Thank You!

BILL ISSLER

BILLISSLER.COM