CEO buy-in and involvement are required to make succession planning work.
Most succession plans aren't working—this at a time when the future of most organizations greatly depends on them succeeding. During the next 15 years, a tsunami of Baby Boomers will retire, causing a worldwide labor shortage. According to a recent survey by Deloitte, 86 percent of companies believe that succession planning is one of their most important challenges. So what's being done about it?
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