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Succession Planning in the New Normal

Succession Planning in the New Normal

Does your organization have a succession plan? If someone in the C-suite were to depart today, do you know who would take their place and how the transition would be managed? If you answered no, you are not alone. A 2021 SHRM Survey of active H.R. professionals found that only 21% of their organizations had a formal succession plan in place. 24% reported having an informal plan, 20% said they didn’t have a plan but intended to create one, and 36% admitted they had no succession plan— and no intention to create one. Explore how to create, manage and sustain an effective succession plan. Learn about the common barriers to creating a succession plan—and how to overcome them by adopting more comprehensive long-term recruitment strategies.

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