Member Thought Leadership
David Lange and Erin Zolna consultants from Russell Reynolds Associates published new insights
Russell Reynolds Associates research shows that leadership succession plans are already falling short. Boards continue to underestimate the effort, costs, and risks that accompany successful succession planning, resulting in less than half of directors believing their CEO succession plans will succeed.
Meanwhile, CEO tenures are hitting record lows amid evolving role demands. Organizations are also on the brink of a looming succession crisis in the levels below, with 71% of next generation leaders expressing interest in leaving their employers.
Paired with changing employee value propositions and automation-driven collapsing of the traditional career ladder, it’s clear that organizations need to act now to fortify their leadership pipelines.
