As of 2014, about 10,000 baby boomers retire every day. While there are plenty of millennials moving into and upward in organizations, research shows that they’re not developing leadership skills at the rate needed to replace retiring leaders. In fact, a 2015 Center for Creative Leadership (CCL) survey of 2,339 managers in 24 organizations found that for 20 identified leadership competencies, the level of proficiency is inadequate “across countries, industries, and organizational levels.”

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