The document discusses the aging of the baby boomer generation and the need to develop new leaders from younger generations as boomers retire. It notes that as boomers retire, there will be a decline in the proportion of the population that is of prime working age. This creates both leadership and skills gaps that must be addressed. The solution proposed is for HR experts to take a leadership role in developing a "Boomer Leader Legacy" process. This process would involve educating leaders about generational differences, assessing leadership needs, designing a leadership development strategy, and implementing a plan to transfer knowledge from boomers to newer generations of leaders.