The most important step that talent leaders can take to ensure the future health of their organizations is to build strong leadership bench strength in their ranks. While few CHROs would argue with the notion that succession planning should be a strategic, data-driven, and highly agile process, many organizations still fail to apply those three core principles—the pillars of this book—to their succession management processes.
The ongoing epidemic of promoting the wrong leaders into mission-critical jobs cripples revenues and profits and proves toxic to employee morale. For leaders who are wrongly promoted into next-level jobs, poor decisions can derail or even end their careers.
A global research study by Korn Ferry ...