Succession Management in the Future

In the future, how long will an employee work? In how many jobs? The number will astound you!

Take a look at a report from the US Bureau of Labour Statistics from March 31, 2015, by clicking the link, below:

Click here to view the report

“Baby Boomers held an average of 11.7 jobs during the ages of 18 to 48.”

According to the report, most individuals had 11. 7 jobs over 30 years, and over half of those job were from the ages of 18 to 24.

Therefore, it is reasonable to assume that these individuals between 24 and 48 have held approximately 6 jobs over 24 years. Those numbers seem quite reasonable and manageable especially from a Human Resources point of view.

Now imagine taking that number, 6 per lifetime of a professional career, and increasing it over 600% to 40 jobs in a career.

Human Resources Management ONLINE (HRM) predicts employees in the future will have a retirement age of 100 and over 40 jobs in their career.

Click here to read the article

Imagining numbers like this, is mind blowing for an HR professional.  Think about how challenging succession plans will become? Are employees going to stay with one organization long enough? Are employees going to stay too long? It is hard to answer these questions, but it will fall on the HR professional to develop solutions no matter what the employment reality becomes.

 Discussion Questions

  1. How is HR going to manage recruitment, selection, and retention in this new employment era?
  2. Will succession planning become redundant or will it become more critical to organizational success?