An article in CFO.com calls it grandparenting … “To Keep Key Staff, Act Like a Grandparent.”
“… for corporate finance departments — currently besieged by the twin demographic demons of looming baby-boomer retirements and a relative paucity of younger people to step in as replacements — retaining the talent they do have should be of the highest priority..”
Whatever you call it, mentoring future executives is a win for everyone … succession planning looks good on your resume (a skill that is in high demand), helps groom future leadership, and strengthens companies.
Who have you nurtured today?