Tag: #redworkscoaching

Unsupported Leader Transitions: A High Stakes Game

Post author By mgauthier
Post date January 19, 2021

The struggles faced by leaders in transition have immense impact on the business. These struggles can reduce the productivity, performance and engagement of the new leader which can ripple out into the organization. This can potentially jeopardize whole programs and services.

Businesses with leaders in transition must be vigilant to identify issues which can impact productivity, morale, relationships, performance and revenue. A focused effort to manage and correct will be required.

Based on our experience and current leadership research, we strongly believe that leadership development supports leaders and their organizations to be more successful.

According to the Center for Creative Leadership, substantial investments in leadership development drive performance and gain competitive advantage in four ways:

better financial performance
better talent management
improved strategy execution and
better change management.

Risks are created as leaders struggle and the stakes are high. If struggles are not addressed, there will continue to be risks to the business.

Here are some questions to help you think about ways to support your leaders in transition:

What are your leaders struggling with?
What do you have in place to support them?
How are you setting up the leader and their team for success?
How do you help your leaders quickly develop their skills?
How do you help your leaders learn to manage and influence the organization?

For further questions to assess your current business situation and the risks and impacts of your leader transitions.

Find out more about the risks of leader transitions at the free ‘Leader Transition Is Risky Business’ Lunch and Learn, January 27, 2021.

Tags #crossingpointcoaching, #leadershipcoaching, #leadershipdevelopment, #leadershipdevelopmentcoaching, #leadershiptransitionresearch, #leadertransition, #leadertransitionisriskybusiness, #manageleadertransitions, #redworkscoaching

Redworks Blog (all posts)

Leader Transition is Risky Lunch and Learn

Post author By mgauthier
Post date January 18, 2021

Leader Transition is Risky Business.

How ready is your organization for the leader transition as the Baby boomer leaders retire? How will the boomer retirements impact your business? What is at risk for your organization? What are you doing to increase the level of a successful leader transition?

https://lnkd.in/grsPVgr

Tags #leadershipdevelopment, #leadershipdevelopmetncoaching, #leadertransition, #redworkscoaching, leadershiptransition

Redworks Blog (all posts)

New Year’s Resolutions on Your Mind?

Post author By mgauthier
Post date January 15, 2021

New Year’s resolutions on your mind?

Check out my article about how to set yourself up for success.

https://lnkd.in/gsKza9B

#newyearsresolution #failedresolutions #goalsetting #takeaction #achievablegoals #measurablegoals #redworkscoaching #actionplan #dreambig

Tags #achievablegoals, #actionplan, #dreambig, #failedresolutions, #goalsetting, #measurablegoals, #newyearsresolution, #redworkscoaching, #takeaction

Redworks Blog (all posts)

Leader Transition is Risky Business Lunch and Learn – January 27

Post author By mgauthier
Post date January 14, 2021

Have you registered for the Leader Transition is Risky Business Lunch and Learn?

You don’t want to miss this one!

Marielle Gauthier and Kathleen Ozmun will identify potential risks businesses may face with leader transition and will need to manage.

https://redworkscoaching.com/…/leadership/lunch-and-learn/

Tags #businessinterruption, #leadershipdevelopment, #leadershipdevelopmentcoaching, #leadersthiptransitionresearch, #leadertransition, #leadertransitionisriskybusiness, #manageleadertransitions, #redworkscoaching

Redworks Blog (all posts)

Leader Transition Impacts: Too Big to Ignore

Post author By mgauthier
Post date January 12, 2021

A change in leadership is a time of flux and change for everyone – the leader and the team.

This leadership transition is really two events in one and each of these events can be challenging. The first event is the transfer of responsibilities including key initiatives and stakeholder relationships from the previous leader to the new leader.

The second event is the new leader establishing an effective leadership style, fostering new relationships and developing value-creating strategies in their new role and with their new teams.

These transitions create potential risks at every level of the organization and profitability, productivity and positivity can be negatively affected. In fact, research has shown that nearly 50% of leader transitions fail.

Leader transition research conducted by Kathleen Ozmun and Marielle Gauthier, found a number of serious risks that can impact your business operations. These risks and impacts include:

interruption of business and service
financial cost increases and revenue loss
staffing challenges
work relationship difficulties
under-resourced leadership development
uncertainty about transition timing and process and
the inability to engage in strategic thinking and planning.

Here are some questions to consider the risks and impacts of your leader transitions:

What are potential risks for your business?
What may interrupt your business and service?
What costs may not be factored into the transition process?
What key messages do you need to send about the leader transition? To whom?
How will you maintain strong relationships with stakeholders throughout the leader transition?

For questions to assess your current situation, read our article on Leader Transition is Risky Business.

Find out more about the risks of leader transitions at the ‘Leader Transition Is Risky Business’ Lunch and Learn, January 27, 2021.

Tags #businessinterruption, #leadershipdevelopment, #leadershipdevelopmentcoaching, #leadershiptransitionresearch, #leadertransition, #leadertransitionisriskybusiness, #manageleadertransitions, #redworkscoaching

Redworks Blog (all posts)

Tip #2 to Get Ready to Rediscover Yourself in Retirement

Post author By mgauthier
Post date January 11, 2021

Do you desire joy and a sense of purpose? Then the best thing you can do is prepare for the emotional and psychological impacts of your post-career life! Preparing for a purpose-filled retirement is not all about the money.

Here is tip #2 to help make your transition a smooth one:

Think about what you want to do in retirement.
Getting stuck in default mode makes for an unhappy retirement. This is your chance to pursue your dreams!

There are key elements that need to be considered to plan for a smooth transition and a happy retirement.

You don’t have to do this alone. I can help you get there.

Find out how with the Power UP Your Retirement Lifestyle Program

Special pricing to get you going.

Tags #powerupyourretirement, #psychologicalimpacts, #psychologicalwellbeing, #redworkscoaching, #retirementcoaching, #retirementgoals, #retirementlifestyle, #retirementplanning, #retirementreadiness

Redworks Blog (all posts)

Leader Transition is Risky Business

Post author By mgauthier
Post date January 7, 2021

There are many reasons for leader transition – new position, retirement, promotion, development, and unfortunately death. The majority of transitions create significant challenges for business continuity, financial stability, and business growth.

A change in leadership is a time of flux and change for everyone – the leader and the team. These transitions create potential risks at every level of the organization and profitability, productivity and positivity can be negatively affected. In fact, research has shown that nearly 50% of leader transitions fail.

Leader transition research conducted by Kathleen Ozmun and Marielle Gauthier, found that the financial costs to the businesses if the transition failed were significant – from tens of thousands to more than $3 million dollars.

Here are some questions to consider regarding your current situation:

How prepared are you to manage the leader transitions in your business?
How much risk is there for your business if you were to lose key leaders?
How urgent is it for you to have a plan to successfully transition your leader?
What might prevent you from putting a plan in place to support your transitioning leaders?
What can you do today to prepare?

Find out more about the risks of leader transitions at the ‘Leader Transition Is Risky Business’ Lunch and Learn, January 27, 2021. Register Now

Tags #crossingpointcoaching, #leadershipcoaching, #leadershipdevelopment, #leadershipdevelopmentcoaching, #leadertransition, #leadertransitionisriskybusiness, #leadertransitionresearch, #manageleadertransitions, #redworkscoaching

Redworks Blog (all posts)

Leader Transition is Risky Business

Post author By mgauthier
Post date January 5, 2021

Leader Transition is Risky Business.

Research shows nearly 50% of leadership transitions fail.

Which 50% do you want to be in? Let’s find out.

Tags #leadershipcoaching, #leadershipdevelopment, #leadershipdevelopmentcoaching, #leadertransition, #redworkscoaching, leadershiptransition

Redworks Blog (all posts)

Local Business Leader Transition Research Finds that Businesses Could Lose Millions

Post author By mgauthier
Post date November 18, 2020

NEWS RELEASE

November 18, 2020

Saskatoon – The retirement exodus of about 3.3 million Canadian employees over the next decade will have an impact on business continuity, financial stability, and business growth.

Kathleen Ozmun and Marielle Gauthier, both experienced professional leadership coaches, conducted discovery research focusing on retiring and incoming leader transitions in Saskatoon.

“A change in leadership is a time of flux and change for everyone – the leader and the team,” says Marielle Gauthier, Redworks Communications and Coaching. “These transitions create potential risks at every level of the organization and profitability, productivity and positivity can be negatively affected.”

The report found that the financial costs to the businesses if the transition failed were significant – from tens of thousands to more than $3 million dollars.

“When a transitioning leader struggles, the impact goes beyond individual performance,” says Kathleen Ozmun, Crossing Point Coaching and Consulting. “The leaders’ struggles and the lack of a transition support plan can affect the business services to the point that whole programs are in jeopardy.”

Based on the findings, there are opportunities for greater attention to better manage the transition for the retiring and the incoming leader and from one leader to another.

It is paramount that businesses look at decreasing and preventing some of the challenges as stated in the findings, to ultimately lower the risks, increase productivity and quality of work, and foster better stakeholder relationships, all of which impact the bottom line.

Ruth Kinzel, PhD, CPHR, Kinzel Cadrin & Associates Consulting says that the research provides rare insight into the lived experience of local leaders in transition. Kinzel also states there is a backlog of unaddressed transition issues in every sector, the costs of which continue to accrue and it is in the best interests of organizations and the people within them to move forward proactively.

“The stakes are high and the wave is upon us and these research findings can inform your way forward. Gauthier and Ozmun identify key issues as well as productive ways to address transition challenges,” says Kinzel.

The study findings included challenges and struggles of the leaders; impacts and potential risks to the organizations; levels and types of supports in place and the financial costs if transitions failed.

Business owners can create successful transitions for both their organization and their new leaders by establishing consistent key practices. Starting in January, Gauthier and Ozmun are offering interactive practical learning and implementation sessions. Their goal is to support organizations and individuals to understand their transitions, mitigate risks and design customized strategies.

Download the report at https://www.powerupyourretirement.com/leadership-transition-research or https://crossingpointcoaching.com/leader-transition

-30-

Please contact:

Marielle Gauthier

306.370.6284

marielle@redworkscoaching.com

Kathleen Ozmun

306.717.4471

kathleen@crossingpointcoaching.com