With the departures of many Baby Boomers from executive leadership roles, companies must focus on developing the next generation of leaders, says executive consultant Kevin Modany. He highlights mentoring and coaching as effective methods for inspiring and guiding promising professionals to realize their potential.
As many experienced managers and specialized experts retire, businesses risk losing invaluable institutional knowledge. Simultaneously, the “Great Resignation” has led many younger workers to leave jobs without clear advancement opportunities. Kevin Modany advises organizations to fill impending leadership gaps by creating a positive culture and targeted development programs.
Kevin Modany explains that mentoring relationships provide longer-term guidance as senior employees share expertise with high-potential mentees. Coaching utilizes goal-setting and structured game plans to help current leaders maximize strengths and improve weaknesses. These personalized development techniques allow companies to groom future directors and executives from within.
Kevin Modany suggests implementing an engaging workplace culture where employees feel invested in the organization’s success to set the groundwork for emerging leaders—company-wide access to learning opportunities and training signals that all levels of staff can develop leadership abilities.
Additionally, managers should actively identify standout employees who demonstrate strong project management, communication skills, or decision-making. Those exhibiting leadership potential can receive specialized assignments and challenges to foster growth under the wing of mentors and coaches.
Drawing from his executive experience, Kevin Modany models effective leadership by transparently and respectfully working with teams to solve complex problems. He notes that inspirational leaders motivate others to accomplish shared objectives.
As new generations like Millennials and Gen Z enter the workforce, businesses may also need to demonstrate a commitment to purposeful work and positive social values. Leadership programs empower young professionals to enact meaningful change.
By implementing thoughtful mentoring, coaching, and development strategies, Kevin Modany believes companies can successfully prepare employees to lead into the future. Nurturing talent and leadership from within organizations remains essential for continued innovation and lasting success across industries.