Baby Boomers will leave major gaps in job market.
RAY WILLIAMS, Financial Post
Published: Wednesday, February 21, 2007
A massive number of managers and executives, members of the Baby Boom generation, will retire in the next five years. This promises to leave a huge vacuum in leadership, particularly for companies without succession plans. Generation Xers are poised to take their place. A key question for senior executives to consider is whether the leadership style and values of Generation Xers are the same as those of the Baby Boomers.
Baby Boomers, born between 1945 and l960, grew up watching the Ed Sullivan show, ate TV dinners and gave the peace sign. The Baby Boom generation has dominated the economy, our lifestyles and leadership styles. Leadership for them has been characterized by workaholic tendencies and materialism. Baby Boomers have had a minimum number of careers or a single career path, are impressed by authority, are optimistic and are driven to achieve.
Generation X, born between l960 and l980, grew up with pet rocks, platform shoes and watched The Simpsons. They question authority, seek bigger meaning in life and work, are technologically savvy, live in the present, are skeptical, see career as a key to happiness, are open to multi-careers, consider challenge and variety as being more important than job security and constantly aim to achieve work-life balance.
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