How Organizations are Failing Leaders in Transition
Organizations are facing a looming leadership crisis. As Baby Boomers exit the workforce at a pace of 10,000 per day, organizations are left scrambling to fill critical roles. This shortage, combined with an ever-accelerating velocity of change in the workplace means that leaders are transitioning into new roles more frequently than ever before. The problem?
Most leadership transitions end in failure.
Even among leaders who succeed, nearly half underperform during their transition, causing significant damage to engagement and productivity on their teams.
What’s behind this high level of underperformance and failure? Despite organizations spending 27% more on learning and development programs in 2017 than in the previous year, most leaders are ill-prepared for the challenges they face in their new roles.
Ascending to the next level of organizational leadership requires adopting skills that were not needed for their previous roles, therefore immediately pushing transitioning leaders out of their comfort zones.
Most organizations focus their efforts on the transitions themselves, leaving leaders to fend for themselves after the initial onboarding process.
The best organizations employ a structured transition process that provides support and resources to maximize successful transition beyond initial onboarding.
Ready to learn more? Download our free whitepaper How Coaching Accelerates Leader Transitions.
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