Succession isn’t just about planning for changes in the C-suite. Beyond identifying future leaders, your succession management strategy should include workforce planning, skills gap analyses, and the creation of development programs to increase bench strength at all levels of the organization. Learn ways to identify and define the leadership skills you need at the top, and discover how to align and integrate those competencies throughout the company.
Today’s succession planning efforts need to be integrated into all aspects of the talent lifecycle, and must extend beyond the reach of the executive team. Most organizations today are already experiencing the reality of a need for a deeper penetrating succession practice. In the United States, 64 million people or 40% of the US workforce will reach retirement age by the year 2020. This emerging reality creates a necessity of which organizations need no reminder. It has never been more important for companies to develop and retain talent at all levels of the organization.Read more