Is your organization rigorous about succession planning?

Our reader poll today asks: Is your organization rigorous about succession planning?

– Yes. We have a thorough process for succession planning: 10%
– Kind of. We do succession planning only for key roles: 38%
– No. When there’s a hole, we’ll figure it out: 52%

Waiting for a crisis. It’s scary to think that over half of you don’t have a plan for what happens when someone departs your organization. A key player going down can cause massive disruptions to your business, lost customers, operational risks and a host of other issues. Leaders are responsible for the smooth operation of their organization. This means sitting down and doing contingency planning for events they know will happen. Every person will leave their role whether to quitting, promotion or reorganization. Spend some time laying out a backup plan for when each team member departs. It’ll help you fill those open spots more quickly when the crisis eventually occurs.

Do you agree with these poll results? Let us know in the comments below!

– Mike Figliuolo at thoughtLEADERS, LLC

Did you enjoy this post?  If so, I highly encourage you to take about 30 seconds to become a regular subscriber to this blog.  It’s free, fun, practical, and only a few emails a week (I promise!).  SIGN UP HERE to get the thoughtLEADERS blog conveniently delivered right to your inbox!

These results were originally a SmartPulse poll in SmartBrief on Leadership which tracks feedback from more than 210,000 business leaders. Get smarter on leadership and sign up for the SmartBrief on Leadership e-newsletter.