Planning for Success(ion)

Planning for Success(ion)Planning for Success(ion)PLANNING FOR SUCCESS(ION)CFOs reported whether theyve identified a successor for their positionTOTALCOMPANY SIZE 20-49 EMPLOYEESCOMPANY SIZE 50-99 EMPLOYEESCOMPANY SIZE 100-249 EMPLOYEESCOMPANY SIZE 250-499 EMPLOYEESCOMPANY SIZE 500-999 EMPLOYEESCOMPANY SIZE 1,000+ EMPLOYEESYes52%37%49%49%58%68%54%No48%63%51%51%42%32%46%Those who havent identified a successor explained whyTOTALCOMPANY SIZE 20-49 EMPLOYEESCOMPANY SIZE 50-99 EMPLOYEESCOMPANY SIZE 100-249 EMPLOYEESCOMPANY SIZE 250-499 EMPLOYEESCOMPANY SIZE 500-999 EMPLOYEESCOMPANY SIZE 1,000+ EMPLOYEESNot planning to leave soon64%61%76%58%55%72%59%No qualified candidates at the company17%18%11%14%19%17%22%Too busy focusing on other concerns14%10%9%20%22%11%18%Not a priority since they would no longer be with the company4%7%4%7%3%0%2%Other1%4%0%1%2%0%0%5 risks of not having an identified successor1 Disrupts organizational productivity2 Takes legacy knowledge out of the business3 Puts stra tegic decisions on hold4 Impairs internal professional development5 Creates a protracted leadership void