Succession Planning and Management: A Guide to Organizational Systems and Practices
by David Berke
Preface
The purpose of succession-related practices is to ensure that there are ready replacements for key positions in an organization. This is so that turnover will not negatively affect organization performance. Interest in succession practices has been increasing over the past few years, spurred by demographic projections, such as those indicating that the number of workers aged 55 and older will increase 47 percent by 2010 (Britt, 2003). Companies must prepare as the baby boomer cohort begins to retire. But there are other trends as well. For example, turnover at the chief executive officer (CEO) level increased 170 percent between 1995 and 2003 (Lucier, Schuyt, & Handa, 2004).
CCL first published an annotated bibliography on succession ...