Take the Reins
Leaders Must Develop Career Paths and Education Programs for Their Employees—Or Risk Not Having the Right People to Fill the Ranks
As the world's population ages and employees retire en masse, organizations are left to grapple with the challenges of filling the holes left behind. The numbers are staggering. According to the United Nation's Population Division, already 21.1 percent of the European populations is age 60 or above. In North America, it's 17.3 percent. And populations in some Asian and Latin American countries are rapidly aging because of fertility declines.