Date of Conferral
2022
Degree
Doctor of Business Administration (D.B.A.)
School
Business Administration
Advisor
Erica Gamble
Abstract
AbstractIn 2020, over 20 million baby boomers retired, with an annual average growth of two million yearly. The continuous trend of baby boomers retiring from the workforce has leaders focusing on the replacement of one of the largest working classes that the world has seen. Grounded in transformational leadership theory, the purpose of this qualitative single case study to explore succession planning strategies human resources managers use to manage the transition of experience, knowledge, and skills influenced by retiring baby boomers. Five human resources leaders from the southeastern United States participated in semi-structured interviews. The data were analyzed using thematic analysis. Four-themes emerged: the need to implement succession planning, succession planning strategies, human resources’ role in succession planning, and the knowledge transfer process in succession. A key recommendation is for leaders to provide a visual aid to foresee what may be lost from retiring baby boomers and what is to gain with future successors. The impact of social change includes the potential to apply and develop succession planning strategies for future generations to provide career advancement, social responsibility, sustainability, and success in all environments.
Recommended Citation
McFadden, Sonya, "Strategies for Succession Planning of Retiring Baby Boomers" (2022). Walden Dissertations and Doctoral Studies. 11546.
https://scholarworks.waldenu.edu/dissertations/11546
