Feeding Your Leadership Pipeline: How to Develop the Next Generation of Leaders in Small to Mid-Sized Companies

Introduction

The statistics are clear. As reported by Natasha Tiku in Inc. magazine, “Over the next two decades, 78 million baby boomers will turn 65, the traditional retirement age. That’s going to create a talent shortage, particularly in industries such as health care, education, engineering, and financial services. In 2005, workers over 55 represented 16 percent of the work force; by 2020 that will rise to almost 25 percent.”

This book is designed to help small to mid-sized companies (defined as companies with fewer than 5,000 employees) that are struggling with the pending retirement of many of their leaders over the next five to 10 years and trying to determine from where their next generation of leaders will come. At one mid-sized utility, ...