I was reading a Seattle Times story earlier today on how men in their 30s are earning less than their fathers did. An interesting story top to bottom, but the concluding section drew me back around to something that I really haven’t talked about enough lately – the looming generational macro-succession nightmare facing corporate America.
Diehard careerist baby boomers also might partly explain the inability of 30-something men to move up the income ladder as quickly as their fathers. From the moment Generation Xers entered the workplace, boomers have been the “ceiling” blocking their way up the income ladder, said Peter Rose, a partner with marketing-research company Yankelovich in Los Angeles.”The boomers stand out in defining themselves in terms of their work and have shown a disinclination to get out of the way,” he said.
It’s hard to blame the Boomers for not getting the heck out of the way, although I’ve certainly been one of those Xers stacked up beneath that in-no-hurry-to-leave Boomer leadership dynamic. But there’s a basic numbers crunch that’s about to hit, and it’s going to throw a lot of companies into leadership transition crisis. Consider: Continue reading
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