Statistics can be deceptive, but sometimes the research provides an important call to action. Here are some compelling numbers.
Right now, ten thousand baby boomers (people born 1946-1964) are retiring every day. Yes, every day. Ten thousand. This mass retirement movement means that millennials (22-37 year olds) will constitute nearly half (48 percent) of the workforce by 2020.
That might represent simply a natural changing of the guard. However, two-thirds of the currently employed millennials are also actively looking for a new job, and most of the remainder expect to be in their current job less than three years.
There’s not much stability in the workplace. Unsurprisingly then, 84 percent of organizations anticipate a significant shortfall of leaders in the next five years. As you drive down the street, four out of five businesses, shops, churches, and agencies that you pass expect leadership gaps in the next five years.
That’s a dire prognosis.
When it comes to leadership and leadership development, less than one in five organizations feels “on track” or is doing anything to get “on track” and stay there long-term. Most people seem to be just hoping for the best.
Yes, more money is spent on leadership development than any other area of corporate learning. Nevertheless, despite all the time and money, 71 percent of companies do not feel that their current leaders are able to lead the organization into the future.
The numbers are startling, even disturbing. We face a dilemma. We’ll have a shortfall of experienced and well-trained leadership in the next decade, unlike anything we have faced in 50 years. And while the millennials are coming through, they do not have clarity on leadership models that are effective and appropriate for their generation or for the world as a whole. We are woefully short on leaders who have a thoughtful, proven, God-honoring, kingdom-consistent philosophy of leadership.
That’s what makes a conversation about transformational leadership so crucial. Who will step up to “produce change and build lives through authenticity, inspiration, empathy, and innovation”? Who will rise above self-confident ladder-climbing, to truly be agents of transformation in this next generation?
Just as importantly, what are you doing to develop and mentor such leaders (in your home, church, or organization) right now? The need is urgent. What next step can you take this week?