It is said that succession planning can be one of the most stressful and laborious processes a bank or credit union faces. In today’s society, discussions about identity politics seem inescapable. Everywhere you turn, people are declaring their affiliations: “I’m this, and you’re that,” or “I’m a Democrat; you’re a Republican,” or even, “I’m an extrovert; you’re an introvert.” This constant dichotomy creates an atmosphere ripe for conflict and misunderstanding.
But identity politics isn’t just a societal phenomenon; it permeates the world of business and personal identity as well. When a financial institution begins to discuss succession planning, many individuals often find themselves clinging to their professional identities, often responding to the question “Who are you?” with their job title. This reflection is how we naturally internalize our work as a core part of our identity.
The Double-Edged Sword of Professional Identity
There’s nothing inherently wrong with identifying by one’s job or professional title. It’s a common way to communicate who we are in our work-driven society. The danger, however, arises when we derive our self-worth solely from our professional role. When our identity becomes synonymous with our success in business, we risk losing sight of all the other facets of our lives that contribute to who we are and those which bring us fulfillment and joy (i.e., parenthood, skilled artist, outdoor enthusiast, problem solver, philanthropic giver, wordsmith, etc.).
This is especially pertinent for those approaching retirement or working through a succession plan for their company. The fear of losing a well-defined and well-earned identity can be overwhelming, leading to anxiety about the future. It’s crucial to recognize that, no matter how successful we are in our careers, the chapter will eventually close. Nothing in life is permanent. The party does come to an end.
Embracing Change and Finding Peace
To truly thrive, we must learn to live in the present and accept the inevitability of change. Being immobilized by the fear of identity loss is counterproductive. Instead, we should view our own life as a project to be managed—one that requires us to adapt and evolve our skills and interests over time.
Recognizing that good times won’t last forever can liberate us from the fear of change. It encourages us to engineer new experiences and opportunities through a different lens. Whether it’s picking up a new hobby, pursuing further education, or fostering relationships outside of work, the possibilities are endless. It is then when new success is earned and one experiences affirmation that they remain a person of great value.
Moving Forward: Considerations for Embracing Succession Planning
So, how can we find peace as we navigate our journeys? Here are a few steps to consider:
Reflect on Your Identity: Take time to assess what truly matters to you. Beyond your job title, who are you? What passions and values define you? Make a list and ask a trusted partner or friend to help.
Embrace Flexibility: Accept that your skills and interests will continue to evolve. Stay open to new opportunities and experiences. Consider your early dreams and aspirations for help in brainstorming.
Live in the Present: Focus on what you can do today to enhance your life and the lives of others. Mindfulness practices can help anchor you in the present.
Cultivate Relationships: Build connections with others that aren’t solely based on professional titles. Engage with friends and family, explore new social circles, and seek diverse perspectives.
Prepare for Change: Anticipate transitions in your career and personal life. Planning for change is a big part of the sucession planning process and can ease the anxiety of identity loss if done right. Succession planning can then be seen as a liberating processes for leaders.
In conclusion, it’s essential to look beyond labels and embrace the richness of our multifaceted selves in a world increasingly defined by polarized identities. By doing so, we can foster a sense of belonging and purpose that transcends any single aspect of our identity. Remember, life is not just about what you do; it’s about who you are—today and every day.
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