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- Unleashing Tomorrow’s Leaders: Navigating the Opportunities and Challenges in Leadership Succession, Diversity, and Success | PeopleCentriX (2024)
Unleashing Tomorrow’s Leaders: Navigating the Opportunities and Challenges in Leadership Succession, Diversity, and Success | PeopleCentriX (2024)
A 38-page report on leadership trends, focusing on leadership succession, diversity, and the evolving expectations of both leaders and employees in the workplace, offering evidence-based strategies for navigating these challenges.
Tanguy Dulac
September 08, 2024
SUSTAINABLE LEADERSHIP | PeopleCentriX | Unleashing Tomorrow’s Leaders: Navigating the Opportunities and Challenges in Leadership Succession, Diversity, and Success | A 38-page report on leadership trends, focusing on leadership succession, diversity, and the evolving expectations of both leaders and employees in the workplace, offering evidence-based strategies for navigating these challenges.
DID YOU KNOW?
“Between 2006 and 2021, new female managers were 11% to 28% less likely to succeed within their first 12 months than new male managers”.
DID YOU SEE?
NEED AN EXECUTIVE SUMMARY?
Leadership Succession Risk: By 2030, nearly one-third of current Swiss managers (27.3%) will retire, but only 12% of HR professionals feel prepared to fill these roles, indicating a critical need for succession planning.
Millennial Leadership Surge: Millennials, currently 19.5% of Swiss managers, will double their presence by 2030. Companies with 5,000 employees must train 29 new managers annually to meet demand.
Gender Diversity: Women represent 40% of leadership teams. However, women are still 50.6% less likely to be managers than Millennial men.
Manager Transition Struggles: Only 43.5% of new managers successfully transitioned into leadership roles from 2006-2021. Female managers are 11-28% less likely to succeed in their first year, indicating the need for better support systems.
Declining Leadership Confidence: Leadership quality perception dropped from 48% in 2020 to 40% in 2022, highlighting the importance of developing more inspirational and empowered leadership.
Burnout Crisis: Over half (53%) of managers feel burned out, and those unable to disconnect from work are four times more likely to suffer burnout and 2.5 times more likely to resign.
Rising Resignations: Manager resignations increased 38-66% from 2014-2021. Millennials are 72-112% more likely to quit than Boomers and female managers are 20-39% more likely to leave than their male peers.
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Access the source here.