TD Magazine Article
Member Benefit
Leadership Handoffs
Content
CEO buy-in and involvement are required to make succession planning work.
CEO buy-in and involvement are required to make succession planning work.
Wed Oct 05 2016
Content
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?
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?