In a recent podcast called Meeting the Leadership Transition Challenge, my guest Jane Halford of Bolt Transition indicated that 40% of all leadership transitions fail within the first 18 months. While this is shocking in and of itself, there are even more alarming numbers in the workforce composition.
The vast majority of our senior leaders are in the boomer generation aged 50- 69. This group represents 27% of the Canadian population and 31% of Canada’s workforce (as of 2015). The tipping point where the boomers are the biggest generation in the workplace has come and gone. That's not surprising when you consider that 250,000 boomers retire annually currently and that rate is set to grow to 400,000 annually in a few years.