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Succession Planning: Preparing for the Perfect Labor Storm

by Aug 10, 2011, 3:43 pm ET

There is overwhelming agreement among executives that succession planning is critical for business continuity. But only one-third of companies have a plan in place – and that’s for the CEO level. The numbers are worse for upper and middle management and almost non-existent for other positions. An even more compelling story is that for those companies with plans more than four in ten employees rate their companies’ talent efforts as “fair” or “poor.”

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This article is provided for informational purposes only and is not intended to offer specific legal advice. You should consult your legal counsel regarding any threatened or pending litigation.