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Weekly Insights

Preparing for the silver tsunami

For those who have not heard of the phenomenon that is beginning to drastically alter the business landscape, allow me to briefly set the stage…

Peter Drucker, the father of modern management, once said, “The only thing you can predict with absolute certainty is demographics.” Today, there are 78 million Baby Boomers in the workforce, 60 million Gen Xers and 84 million Millennials. Of the 78 million Baby Boomers in today’s workforce, 10,000 retire each day. In fact, a Baby Boomer retires every 8 seconds. This silver tsunami is causing an evitable workforce gap.

Herein lies the problem: there simply aren’t enough Gen Xers to fill this void (revisit demographic breakdown above). The rough math tells the story: if every single Gen Xer could replace the 78 million Baby Boomers who are retiring, there will still be an 18-million-person gap.

So where will these “replacements” come from?

Continue Reading at Solutions21.com

Muscle Memory Challenge 

Consider this: How often do you walk into your office and spend the first part of your day mapping out your daily tasks? As a leader, your time is taken up by a multitude of different things and who has room for wasted time in their busy schedule? This week's MMC is an old but effective method into increasing productivity. The Ivy Lee Method  is a daily routine to help leaders achieve peak production levels. All this method requires is spending the last fifteen minutes of your day writing out the most important tasks on your agenda for the next day. Walk into your office tomorrow morning and start tackling those items on your list. By taking only a few minutes the night before to write out your goals for tomorrow, your productivity will drastically increase.

Give it a try this week and shoot us an email (newsletter@solutions21.com) to let us know about your experience with the MMC. Your stories will be published in next week's newsletter!

Great Reads from Around the Web

3 Things Great Leaders Build
Why you should read it: Because "to become an engaging leader, you should constantly be building connections and confidence in your team members." By building these connections and confidence in your team, increased satisfaction and effort will be a direct by-product. Check out these three things great leaders build to get the most out of their teams. 

What We are Listening to...

Why You Shouldn’t Open a Restaurant 
Freakonomics Radio

Why you should listen: Unfortunately, most decisions that leaders have to make do not come with the luxury of time. Solving problems in real-time is challenging for most leaders. Listen to this episode from Freakonomics and learn how a restaurant owner tackled some real-time problems.

Quote of the Week 

"Leadership is about making others better as a result of your presence and making sure that impact lasts in your absence." 

—Sheryl Sandberg

What People are Saying...

The MMC of keeping your phone at your desk has been a challenging one for me. Although, after forcing myself to do it these past two weeks, I have seen better attention in my meetings.
-Jason Sebak on 8/20's MMC
Body language is something I have not been very conscious of in my early professional career. Practicing eye contact and smiling this past week at clients has brought me outside of my comfort zone for the better!
-John Resetar on 8/27's MMC
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