Are you doing enough to identify and develop your talent? It’s a question that can keep senior HR managers and c-suite executives awake at night – for good reason. Having a solid succession plan can reduce the time it takes to fill key positions, cut turnover costs and give your company a competitive advantage.
But there’s no need to lose sleep worrying about your talent pipeline. We crunched some numbers for our State of Succession Planning report, and have compiled all the results for you. Now you have the data you need to compare your organization’s succession planning strategies and practices to other organizations and to established best practices.
Highlights of the State of Succession report
The report surveyed more than 600 organizations from around the world, comparing succession planning strategies with established best practices. It took an in-depth look at the four dimensions of succession planning programs: identification, assessment, development and management. It found that most companies fail at succession planning.
Want a quick overview of the report’s findings? Check out our slideshare.
Tips for succession planning success
So you’re probably thinking, “How are those failing grades supposed to make me feel more confident in my company’s ability to plan for the future?”
Don’t worry, the report is more than just statistics. It
identifies reasons why companies fall short of their succession planning goals,
and offers best practice solutions and tips to take control of your succession
Check out our report and see how your company’s succession plan stacks up. Find out some of the common challenges companies face, and learn how to solve them. Kick start your succession plans and improve your talent management.
After that, you can finally get some sleep – you’ve earned it.