Too Many Leaders Fear Their Younger Co-Workers. Here’s What They Should Do Instead
By Bill Adams, Jan. 18, 2024
Retirement just isn’t what it used to be. Many executives 65 and older are choosing to work for longer—and they are being asked to stay. One reason executives are being asked to delay retirement is because companies are afraid of change and they are ill-prepared for change. Retirement-aged executives are among the most valuable assets to a company, but with little succession planning, older leaders can also create the most volatile departures.
Right now, leaders have an opportunity to develop cross-generational C-suites, and I believe companies that don’t invest in younger leaders will make the same mistakes over and over again, and hurt their chances at longevity. Here’s why leaders should embrace, rather than fear, their younger coworkers.