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By David Barrett
Forbes.com recently reported that more than 10,000 US-based baby boomers are retiring every day. Based on a 10-per-cent rule, this would suggest that the number in Canada is about 1000 retirees every day. This report goes on to say, “A recent survey predicted a 30% drop in the number of appropriately aged managers available for leadership roles between 2009 and 2015. To make matters worse, professionals considered emerging leaders account for only 8-10% of the current talent pool.”
The signals are clear. The opportunities abound for today’s managers to become tomorrow’s leaders. There is a shortage of supply and abundance of demand coming down the line.
Today’s managers who want to become tomorrow’s leaders should be thinking strategically now about where they want to be and more importantly, how to get there.
For those who aspire to transition from a good manager to a great leader, there is a tool out there that can help you. Your ‘Professional Strategic Plan’ can become your guide to the road ahead.
Like any strategic plan, this living document contains three elements:
Your Professional Strategic Plan should be carefully thought out and well documented, and – the most critical element of all – it should be revisited at least annually. Every good plan needs to be revisited on a regular basis and adjusted as required.
Our plan helps us identify where we are today and what we need to be doing to move to the next level. So what are some of the areas that we might identify as “requires addressing?” Here are five areas that future leaders might see in their list of gaps.
How do we get there? How do we fill these gaps?
Education. Formal or informal education is critical to any aspiring leader. Whether it be a three or five day program on leadership, a two day seminar on communication skills, an online program on strategic planning or a professional coach helping you deal with a multigenerational workforce, it all counts towards rounding out your leadership attributes, skills and knowledge.
Experience. Finding every opportunity available to lead larger teams, more mission-critical projects or getting involved in new and innovative ideas. Our future leaders will be identified early on by their initiatives and enthusiasm to grow as professionals.
Finding Role Models. Look for people around us who are great presenters, good corporate ambassadors or strategic thinkers and model them, follow them and/or observe them.
Build Relationships. Why start in three years? Look for key individuals who can guide you, coach you or just talk with you every once in a while about your career. There is no better time than today.
Forbes.com tells us, and many others are sending the signals, that the bulk of today’s leaders are heading out the door and we don’t have enough people to replace them. The doors are about to open for us and we need to be ready to jump in. Now is the time to get ready.
Do you have a Professional Strategic Plan?
David Barrett is the founder and National Program Director for the Centres of Excellence in Project Management and Business Analysis at the Schulich ExecEd, Schulich School of Business at York University in Toronto. He is also a professional speaker specializing in project leadership, corporate leadership and strategy execution. He is the author of four books, a weekly blogger and the author of The Weekly One Minute Video Series. David was the founder and managing director of ProjectWorld Canada, Business Analyst and Project Summit USA and the founder and executive editor of ProjectTimes.com and BATimes.com. He can be found at www.SolutionsNetwork.com.