The
Improving Succession Plans: Harnessing the Power of Learning and Development study explores the business case for succession planning and breaks down how companies are executing it, from who is involved and who ought to be involved to how organizations decide on candidates to fill the succession pipeline. Having the right people, with the right skills, in the right positions is paramount to sustaining an organization's growth and success, especially in a down economy. However, despite the powerful relationship between succession planning and business success, most companies admit their succession planning efforts have significant room for improvement. Organizations continue to explore ways to achieve greater effectiveness in their succession planning process. The analysis of this research leads to recommendations on the creation of metrics, candidate selection, and key practices to cope with barriers. Therefore, this report is a powerful tool for business leaders and learning executives who are planning to implement meaningful change within their organizations.
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