This is a preview. To continue reading please log in or Register to read this article

Informal versus formal succession planning strategies

Author: Rachel Suff

Succession planning can be a low-cost way of retaining key employees and filling important posts, but our latest research finds that few employers invest in a formal process.

Key points

  • Conventional succession plans are restricted to a few senior-level appointments but contemporary plans are more flexible and transparent, according to our respondents.