As Baby Boomers retire, the ranks of managers and supervisors are being depleted. Organizations also are losing the wisdom carried by experience, hard-won repositories of technical knowledge and personal case studies of problem-solving. Further, networks of professional contacts that aided internal and external collaboration, innovation and team performance gradually are diminished and weakened as Baby Boomers exit the workplace.

Most organizations, by their own report, are not doing enough to address this impending short supply of internal leadership.