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C-suite stuck: next generation is years away from taking over

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HRM CA | 14 Nov 2012, 02:00 AM Agree 0
Succession planning is vital for any organization, but what if your successor is years away from ready?
  • Donna Stevenson | 16 Nov 2012, 09:35 AM Agree 0
    My research tells me that less than 25% of Canadian organizations have a succession plan in place - this includes corporate and entrepreneur companies. Without a plan, there will certainly be a lack of expertise - at all levels in the organization. With the reduction of the boomer cohort to one-half of its' currently dominate size by 2020, not only will there be vacancies but boomers will walk out the door with the expertise. It is incumbent on senior leadership to step up and leave a legacy for continued growth and performance of their organizations. Without this legacy, the C-suite may face its' Waterloo.
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