Who's Next?
Strategies for prepping the next generation of employees
By Nichole L. Torres •
Opinions expressed by Entrepreneur contributors are their own.
Your senior staff has been with your company since thebeginning, but now some of your leading employees are close toretiring- taking their wisdom and experience with them. Areyou training the younger generation to take over?
Ninety-four percent of human resources professionals feel theirorganization has not prepared younger generations to assume seniorleadership positions, according to a recent survey by DBM, an HR solutionsprovider. It's estimated that 60 million baby boomers willleave the work force in the next 15 years, which could be a seriousblow to many companies. Managing consultant Rose Folli, withDBM's Newport Beach, California, office, says this transitioncould be critical, especially in companies where business isheavily customer-centric. Says Folli, "If customers have agood rapport with only one of my employees, and that employeeleaves, my account is at risk."
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