Succession planning is as important for risk mitigation as it is for talent development. Why then are so many businesses, large and small, ill-prepared when it comes to addressing their future leadership needs?
Joanne McAuley from Clarendon Executive looks at some of the considerations for HR professionals in ensuring their organisations have an adequate succession framework in place and are fit for purpose as they grow, change and develop.
Often, and understandably, the succession planning process falls far down a company’s list of priorities, but all businesses need to be ready to respond to a departure of talent, both planned (i.e. retirements) and unplanned (e.g. career changes). No matter the size of your business, it’s important to have a succession
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