As more baby boomers reach retirement age there will be an increases shortage of executive talent, and this will lead to unplanned vacancies. This shortage can result in slow transitions which is something organizations cannot afford in today s highly competitive market. This effect will slow down on key initiatives; new initiatives, for new executives, could also be disruptive and pause activities.

What could you suggest to employers who do not currently have a succession plan in place? 150-200 words max. Please use APA format