Baby Boomers are still definitely in the CPA workforce. They were born between 1946 and 1964 and they are currently between 56-74 years old. It is nine years until the youngest turns 65 and the fact that many firms have raised their partner retirement age to 70 tells us the profession has many firm leaders who might still be averse to change.
As you face the challenge of many of your leaders approaching retirement age, the following quotation applies:
“Anyone who stops learning is old, whether twenty or eighty. Anyone who keeps learning stays young. the greatest thing you can do is keep your mind young.” – – Mark Twain
If you are a Baby Boomer partner in a CPA firm, please keep this quote in mind and stay young.
I continue to hear from younger partners that some senior partners are still slow to embrace change, to adopt new ways of doing things, new methods of communication, and new ways of pursuing practice growth. Of course, COVID has forced firms to make a remote work culture successful. It was easily embraced by staff but many partners continued to travel to the office to work.
As leaders, unite to establish ways for some of your people to work remotely on a permanent basis. Encourage partners to work remotely, maybe one day per week, to set the example that working remotely is part of the firm culture moving forward.