What If? The Pending Organization Succession Crisis
BY BILL POWERS
Posted: July 8, 2011
On January 1, 2011, 76 million baby boomers began a steady cycle of retirement that will unleash one of the largest demographic and economic upheavals the United States has ever experienced. Gen Xers and Millennials will not be able to replace the 40 percent gap in the U.S. workforce. These younger generations also cannot be expected to replace perhaps an even greater unknown amount of tacit and explicit knowledge necessary to successfully operate the public and private sectors as we know them today. Serious efforts must be undertaken now to document and transfer this knowledge to the next generations.
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