"And even though surveys show that 70% to 80% of executives at big companies are concerned about the coming brain drain, fewer than 20% have begun to do anything about it. Even within that small forward-looking cadre, many seem to be counting mainly on enticing older workers to stay longer than they have to, or to "consult" after they retire."
Fortune Magazine put together an interesting article on the pending brain drain within Corporate America. The quote from the article tends to say it all. I've said for the past few years that we are doing a terrible job at planning...specifically at succession planning. There are companies that "get it" and are working on the transfer of knowledge, but many aren't even trying....Michael
Michael T. Bauer, MSW is the President and Chief Creative Officer of Innovative Business Resources, LLC, a management consulting firm that focuses on helping organizations align their leadership and culture with their business strategy.
Michael is the publisher of the Creative Edge Newsletter.
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