What’s going to happen when your leaders start retiring in the next five to 10 years? — from ASTD.org by Tora Estep
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Think about it: 78 million baby boomers are set to turn 65 over the next two decades, and they will crowd the doors as they start walking out. Think about your organization: What’s going to happen when Bob, the CFO, decides he’s done plenty in his career and is ready to move on and start a vineyard? What happens when Mary, the CEO, announces her retirement to sail around the world on a catamaran? What happens when your directors of training, marketing, production, R&D, and so forth leave? What will the day-to-day functioning of your organization look like, let alone your strategy? Is your organization ready to fill the gaps that those people are going to leave?