Executive Succession Planning

A recent Odgers Berndtson survey of more than 2,400 senior executives unveiled that 70% of organizations polled do not have a succession plan in place. And yet, we know that having the right leaders in place is the cornerstone of every organization’s success.

Assessing and selecting the right internal candidates for executive succession is a delicate exercise that requires a fact-based, objective assessment methodology. The sudden drop in CEO tenure over the past ten years means that Boards and senior executives are under increased pressure to deliver results quickly and ensure that leaders are being developed from within to take on future roles.

Based on this insight and our own experience of working with clients who wish to build their executive talent pipeline, the Odgers Berndtson succession planning model integrates the following:

• An upfront analysis of the business and leadership challenges the organization will face over the longer term
• An objective assessment of each internal succession candidate that provides direction on how they can develop their leadership potential and grow into a more senior role
• A transparent and fair process with clear and concise communication, so that all stakeholders can buy into final decisions.

To learn more about how we can help you develop your future leaders, please contact one of our consultants.