HR's Blueprint for Succession Planning: From Strategy to Implementation

Only 35% of organizations have a formalized succession planning process. This statistic from ATD highlights the need for effective and structured succession strategies.

Companies with well-developed succession plans are 1.5 times more likely to experience higher revenue growth and 1.3 times more likely to achieve higher profitability compared to those without effective plans.

In this session, we discussed:

The biggest value of a well-executed Succession Plan
Current challenges in Succession Planning
Defining Key Roles in your organization
Motivating Managers to engage in Succession Planning
Key components of the Candidate Development Plan
Criteria for candidate diversity

First30 was joined by industry experts, Peter Demangos, CEO of SuccessionHR, and Shari Angle, President of LOFT Consulting - their insights are going to be invaluable!