With senior leaders retiring in great numbers, many organizations lack candidates with the skills to replace them. Yet few are getting adequate help in planning for succession.
“People are just starting to retire en masse. Many organizations are saying we have a gap here and we’re concerned. Especially in government, the percentage of people who are going to retire in the next six years is frightening.”“We were helping leaders select new hires with training in interviewing skills, on-boarding, leadership development, and performance management,” says Bérard. “But the core of all this is succession management and at the time we were not sufficiently focused there. Our clients needed a process to identify their future leaders and then diagnose what they were missing, so they could get ready to work at the next level up.”