An excerpt from SAP Business Innovation Blog by Mike Ettling, President, HR Line of Business, SAP
We’re on the precipice of one of the greatest leadership changeovers in the history of our modern workforce. As the population ages, there will be an exodus of experienced minds and leaders. And while succession planning should be a priority for large companies with billions in resources and shareholders carefully reviewing every move, that is not always the case, and it’s even more unlikely within the average company, or even the average department.
In the workforce today, we are facing the potential for a leadership cliff. We have a generation of leaders on their way out, with a growing disparity between the way that executives lead and the confidence that employees have in their leadership. This crisis of confidence should be a great concern, but few are aware of it.
My advice to fellow executives is this: in your organization, you only lead once. It’s imperative that you make the most of your experience while preparing and empowering your employees to step into the leadership role in your absence. Daunting as it seems, bringing out the leadership potential in your employees is as simple as having conversations with three members of your staff a year that often get overlooked.
The first conversation to have is with your middle management teams… read more.