Reskilling Leaders and Building Agility: Succession Planning For The 2020’s
"86 percent of leaders believe leadership succession planning is an ‘urgent’ or ‘important’ priority, only 13 percent believe they do it well"
Why succession planning may miss the target and how to get it back on track
We’ve interviewed over 30 chief executives so far on The Leadership Café webcast and have come away with a number of enlightening insights. One of the more telling lessons from these extraordinary leaders was that the organizations that had intentionally focused on developing their pipeline of leaders prior to COVID were more effective in responding to the challenge and bouncing forward. Our webcast guests referred to this as, “future-proofing our workforce” and “building organization resilience”. Research has always shown the benefits of a robust talent pipeline; the unique challenges 2020 have significantly highlighted the payoff.
On the downside, research has also underscored how many organizations struggle with succession planning and building their talent pipelines. For example, a study conducted by Deloitte in 2018 reported that “86 percent of leaders believe leadership succession planning is an ‘urgent’ or ‘important’ priority, only 13 percent believe they do it well.”