The next-generation worker, aka the Millennial, is a big part of the present business landscape and a huge part of the future. In fact, by 2020, Millennials will represent 50% of the workforce and an astounding 75% of the workforce by 2025.
Time and time again, I hear firms talk about how they have enough young people to fill the impending leadership void when Baby Boomers start retiring in the coming years.
CPA firms, as well as their small business clients headed by those of the “baby boomer” generation, may feel the urgency for an in-house succession plan to be certain their firm or business is headed in the right direction-to build business value and secure a future for themselves as well as their key employees.