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“Succession Planning Doesn’t Start with People. It Starts with the Requirements of the Position.” – David Ulrich
Succession Planning is a process to identify employees from within the company, for leadership or any other kind of key roles in the company.
A survey conducted by National Association of Corporate Directors (NACD) found that 2/3rd of U.S. public and private organizations do not have formal succession plan to fill in the leadership positions.In the absence of a well-structured succession planning process, organizations tend to risk leadership deficits and business disruption.
To know how an organization can avoid running into such risks, look at the infographic.
Well, the infographic provided in this post is very interesting. It sums up all about succession planning and it’s significance. A succession plan not only fills leadership positions at the right time, but it also ensures business continuity. Thanks for sharing the post.