Succession planning is a critical process that ensures the long-term success and sustainability of organizations in an ever-changing business landscape. Regardless of industry, it provides a roadmap for seamless leadership transitions, mitigates risks associated with unexpected departures or retirements, and fosters a culture of talent development and growth.

Across 300 organizations surveyed, 61% have made succession planning a priority within the past year due to several factors impacting the business landscape.