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Despite increased investments, most organizations don’t have the leadership candidates in place to meet future demands. In fact, CEB research finds that only 28% of current leaders were predetermined by a succession plan.
Four common breakdowns of succession management:
- Pipelines to nowhere create leaders for roles that might not exist in the future.
- Narrow pipelines do not supply enough successors to meet demand.
- Clogged pipelines have insufficient opportunities for high-potential employees.
- Rusty pipelines deliver suboptimal successors.
This white paper outlines the four ways that traditional leadership pipelines are broken and the steps needed to shift toward a portfolio management approach to effective succession management, including best practice case studies to get started.
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