“When an employee leaves, there is a ripple effect. It may be most evident when the key leader leaves, but the hole created when an employee leaves his or her position can be profound, even at lower levels. Replacing employees can be a difficult task, especially in industries with noted talent shortages and skills gaps. It can be a lengthy process to get a replacement employee to full productivity. A lack of planning can especially sink smaller and family businesses, which don’t have the sheer candidate numbers to choose from.”
Alexander S. Gillis CEO TechTarget
Succession planning, often overlooked, is the foundation stone of a thriving organisation. It is not merely about replacing people; it’s about ensuring business continuity, fostering talent development, and driving organisational growth.
Why Succession Management Matters
“Poorly managed C-suite transitions account for a whopping $1 trillion in value...
