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“Organizations need to have iron-clad and exception-free succession policies wherein every senior executive has at least one successor ready, or at least almost ready, at any given time” argued Harvard Business Review in their recent article on succession planning, and we agree.
Succession planning can be a company’s greatest investment towards ensuring long-term success, yet most organizations don’t build their leadership benches deep enough, use a subjective process, or have a plan at all. In fact, in our survey found that only 2 in 10 companies say their succession planning today is effective or very effective. The question is, what is their succession planning process missing? Watch our video, “Are You Ready If You Get The Call?” to learn how you can establish an effective and reliable succession plan, BEFORE the resignation call comes in.