Training Industry Magazine - Leadership 2015 Special Edition - (Page 39)
NTINUOUS
BY PRITI SHAH
LEARN . . .
It is well known that people who make up the workforce are in a state of flux. The way people work is
fundamentally changing and shifting global market trends are pushing organizations of all sizes to
quickly adapt their business strategies.
Baby boomers are exiting the workforce and millennials
are demanding professional development. Since 2011,
approximately 10,000 baby boomers have turned 65 every
day and this will continue for the next 15 years until they all
reach retirement age. Millennials will make up nearly half of
the working population by 2020 and the most important factor
in job satisfaction for this group is the opportunity to develop
skills for the future.
In Brandon Hall Group's 2015 State of Succession Management
Study, the majority of organizations reported that improving the
health of their talent pipeline is an essential outcome of their
succession management. But 84 percent of organizations said
they are suffering from a lack ready leaders. In fact, more than a
quarter of all organizations indicated that they have a ready-andwilling successor for 10 percent or less of open, critical roles. And
another 7 percent said they have no one groomed and ready.
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http://learn.skillsoft.com/Website-AR-BHG-StateofSuccessionManagement2015_RegistrationPage.htmlhttp://learn.skillsoft.com/Website-AR-BHG-StateofSuccessionManagement2015_RegistrationPage.htmlhttps://www.hbr.org/2010/05/mentoring-millennials
Training Industry Magazine - Leadership 2015 Special Edition
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