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FILLING THE BABY BOOM VOID
The world’s population is aging, and quickly. The oldest Baby Boomers have already crossed into their 60s, with millions more to follow. The U.S. Census Bureau puts the number of Boomers currently between 44 and 62 at more than 78 million, with close to 8,000 people turning 60 every day. The demographic trend in America signals an oncoming void in executive leadership that will be one of the greatest human resource challenges of the next decades.

According to the MIT AgeLab, the 50+ group is the fastest growing population segment worldwide. In America, someone turns 50 every seven seconds. As our largest and most experienced generation approaches retirement, the executive labor market will grow increasingly constricted. The younger generation simply doesn’t have the numbers to replace the retiring Baby Boomers. As millions of Boomers are beginning to leave the workforce, taking decades of knowledge with them, American companies will see a growing gap in executive-level talent.

What does this mean for your company? It means the coming years represent significant challenges in terms of finding and retaining capable executive leadership. Fortunately, Wyckoff Consulting can help you identify the best talent and create succession plans that keep your company moving forward.

Wyckoff Consulting is positioned to help your company navigate the minefield of emerging talent and assist you in charting a course for the future. We work to understand the unique elements of your executive team so that we can find the best new talent to maximize your shareholder equity. Our research team has spent years connecting with the next level of executives. Using our proprietary Wyckoff Executive Search Tools (WEST), we can discover and deliver the best executives in this up-and-coming generation, those professionals who match your company culture and share your critical values. This is not a mere talent search; we form a partnership with your business to help create a cohesive plan for future success and effective leadership.

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