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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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