The Coming Retirement Tsunami: Why Transit Agencies and the Public Sector can no Longer Ignore Succession Planning

Sponsored by: The West Region Transportation Workforce Center and hosted by the Transportation Learning Network.  

Description: Every day 10,000 people turn 65 years of age. Over 53 million Millennials comprise one-third of the workforce and by 2025 that number will rise to 75%. As a result of the rapidly aging workforce, many public sector organizations are experiencing a “brain drain” which places their organizations at a critical juncture. The need for experienced and seasoned employees has never been greater and it’s those employees who are most likely to be retiring in the very near future. 

Your public sector agency’s future depends on its ability to identify, retain and prepare future leaders. Beyond simply replacing positions that become vacant, effective succession planning is an ongoing process of identifying, assessing and developing talent to ensure leadership, management and supervisory continuity throughout an organization and, moreover, to sustain its performance. 

SURTC (the Small Urban and Rural Transit Center) recently completed an extensive survey of small urban and rural transit agencies on their workforce development efforts, including the extent to which they are engaged in formal succession planning. The results will be presented and will underscore the immediate need for succession planning to be embraced and implemented in a systematic way to ensure continuity of service and to avoid future degradation of service delivery. 

The webinar covers: 

Presenters: Del Peterson, SURTC; and Patrick Ibarra, the Mejorando Group 

Webinar Materials: 

Flyer: pdf 

SURTC Workforce Development presentation (Peterson): (pdf) 

Related Succession Management Resources (Ibarra):

Organization Self Assessment (pdf) 

Knowledge Management: Transfer It Before It’s Too Late! (pdf)