succession planning process

What You Need to Know About Succession Planning

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Blog, Workforce Development

What You Need to Know About Succession Planning

Every year, 10 to 15 percent of organizations have to go through the process of obtaining and training a new CEO, due to retirement, dismissal, illness, or any other unexpected reason. Despite the number of companies going through this process…

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Every year, 10 to 15 percent of organizations have to go through the process of obtaining and training a new CEO, due to retirement, dismissal, illness, or any other unexpected reason. Despite the number of companies going through this process each year, only 54 percent of companies surveyed are actually grooming a possible successor, and … Read more

2017 Succession Planning Statistics

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Blog, Workforce Development

2017 Succession Planning Statistics

Business Dictionary defines succession planning as the “identification and development of potential successors for key positions in an organization, through a systematic evaluation process and training.” It is a part of every organization, and a key factor in suitable promotion…

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Business Dictionary defines succession planning as the “identification and development of potential successors for key positions in an organization, through a systematic evaluation process and training.” It is a part of every organization, and a key factor in suitable promotion processes. Here are some statistics about how succession planning affects the workplace. 62 percent of … Read more