Yet, most organizations are ill-prepared to replace CEOs and other key executives.
Effective people leaders plan for the future of their organizations, including for the time when key leadership and other critical roles become vacant. Succession planning provides a process through which an employer can identify and develop internal staff with the potential to fill key leadership and other critical roles. The process can assist with diversity and inclusion and focuses on retaining talent and developing employees.
By engaging in succession planning, an employer better ensures business continuity as well as emphasizes advancement opportunities for high-potential employees.
We will learn: