succession planning

The treatment of experienced employees in companies reflects a capital allocation failure rather than a mere oversight. As Western populations age and birth rates decline, the demand for experienced talent grows. Misunderstood assumptions about productivity, engagement, and adaptability lead to poor hiring practices. Organizations must shift to valuing experience strategically, ensuring compliance with age discrimination laws while focusing on retention and knowledge transfer. A multi-year, board-level approach is vital to secure a competitive advantage in an evolving workforce landscape.