10 Tips for Training Future Millennial Leaders

There is an international phenomenon taking place. It’s called global aging, and the impact will be evident in the next few years. By 2030, 20% of the U.S. population will be age 65 or older, resulting in a dramatic decline in the supply of labor. Large numbers of the most experienced workers will exit the labor force due to retirement and mortality. The battle for talent will intensify.

For many years, Baby Boomers were in high-level roles and staying there. As a result, the leadership pipeline stagnated, and many Gen Xers and Millennials weren’t moving into leadership roles.

Now, we’re starting to see Baby Boomers leave organizations very quickly. There are currently about 76 million Baby Boomers in the United States, more than 40 million of whom are already age 65 or older. According to the Insured Retirement Institute’s Sixth Annual Update on the Retirement Preparedness of the Boomer Generation, Baby Boomers will retire at a rate of 10,000 per day through at least 2030.

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