"Roughly 44 million baby boomers hit retirement age over the next decade". New York Times 5/28/11
For young professionals with 8-10 years of work experience, there is an opportunity over the next five years to position oneself to quickly assume positions of leadership as top level executives/leaders look to retire or significantly reduce their work hours. Our generation has the potential and responsibility to prepare for this transition of power in the public and private sector.
Ideas to potentially monetize:
- Mapping organizations with positions set to be vacant in 3-5 years
- Incentive programs to retain leadership knowledge - maybe in positions of mentoring
- Documenting intellectual capital
- Job-shares for individuals with new families and retirees
- As a business, maintaining relationships with business partners who have turn over
- Transitioning book of business
- Explore how various sectors will change
- Ways to attract talent and make adjustments taking into consideration generational differences
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