Are You Ready for a Change in Leadership?
Succession planning plays a critical role in ensuring the longevity of your business. Yet nearly 50% of board members are dissatisfied with their organizations’ succession plans. How do you make sure your efforts aren’t wasted?
Frightening Statistics on Succession Planning
- Only 34% of organizations can effectively identify future leaders.
- Only 1% of executives believe their succession plans are excellent.
- 66% of executives rate their succession plans as fair or worse.
Quantum Workplace’s 3 Steps to Succession Planning
- Add analytics to identify leaders
- Be creative when developing talent
- Select high potential successors