Succession Planning in Difficult Times - Best Practice Institute
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Succession Planning in Difficult Times


The U.S., and many nations, are undergoing difficult economic times. There is a temptation for managers to cut back on succession planning and talent management efforts. But there is a good chance that, as the stock market gradually improves at some point in the future, burned out baby boomers will cash in. At that point senior managers will turn their eyes to HR and ask for external recruitment to solve talent needs. But, since many companies have also cut back, there will be few well-qualified people to recruit. At that point, talent management and succession will emerge as front-burner issues. Hear some ideas in this session how to avoid this likely predictable pitfall.