Succession Planning Lags Despite Its Importance

While succession planning seems easy to postpone for more immediate company or departmental needs, it is vital to an organization's long-term ability to flourish. As McLean & Company's Design a High-Value Succession Planning Program research snapshot describes it, "Succession planning is the process of identifying, developing, and placing the right talent in critical roles to ensure continued performance of the organization." Critical roles, notes McLean & Company's