Business Planning Succession Tony Richards Impact Dakota.

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Presentation transcript:

Business Planning Succession Tony Richards Impact Dakota

Get Ready for the Great Migration  48% of all senior management  Retirement eligible by 2021  Brain drain  Institutional knowledge Gap

Where We Are Today

6 Major Workforce Issues in North Dakota  Generations in the workforce  Lack of adequate training  Leadership development Gap

6 Major Workforce Issues in North Dakota  1/3 of workforce over 50  ND is the 4th youngest state in the U.S.  Big gap between 35-50

Steps to a Sustainable Solution

Succession Insurance  True Stories  Financial Woes  Insurance Regrets

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