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84% of organizations expect a shortfall of leaders in the next five years.
And, with 10,000 baby boomers turning 65 each day, we’re heading toward a leadership crisis in the United States. Each year, accomplished leaders retire faster than we can fill or ready their replacements, resulting in a shortfall of leaders ready and equipped to take on the challenges of tomorrow.
It’s not enough for organizations to merely identify the talent—we must accelerate the readiness of these leaders, so they can rise to the increasingly complex challenges of today’s work environment.
Here’s the good news: Organizations have a new, diverse population of high-performing employees, and for the first time, most new working-age hires in the U.S. are people of color.* That means a diverse pipeline of talent—and future leaders who deserve development opportunities.
Organizations and teams thrive when they’re being led by the right person, at the right time. And in today’s ever-evolving and changing landscape, organizations must commit to accelerating the leadership readiness of diverse leaders to meet diverse needs.
Are you readying successors for key leadership positions fast enough?
Here at Linkage, we have developed a research-based Purposeful Leadership? and Advancing Women Leaders? methodology to empower organizations to build a pipeline of leaders ready for the challenge.
Source: Washington Post
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