Preparing for a Generational Shift

In businesses large and small, greying boom boomers are approaching retirement age. That means grooming new leaders to fill their shoes

America's business community is preparing for the mass retirement of baby boomers by ramping up training programs to groom a new generation of leaders, according to a recent study. The majority of human-resources professionals -- 61% -- polled in August and September, 2003, by DBM, a global consultancy based in New York, say they have implemented executive coaching programs in the workplace. Most of those who have started executive training -- 66% -- say "high-potential grooming" and "performance enhancement" best describe their goals.

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