NO EXCESS OF TALENT
According to consultant RHR International Co., the
country’s 500 biggest companies anticipate losing half
their senior management in the next five to six years.
There are too few bodies to replace them. As the 77
million U.S. baby boomers begin to retire, Generation X,
now 24 to 40 years old, makes a paltry successor with 46
million people. That demographic gulch has been dug much
deeper by the efficiency purges of the early 1990s,
which wiped out middle management and taught laid off
workers that there was little reward for loyalty. The
result? There are very few companies that feel they have
an excess of talent.