92 percent of IT leaders believe employee retention is critical to organizational success. A well-defined succession management program encourages discussions of career pathing with high-potential employees.
93 percent of IT professionals agree being successful in the future means they will need to have strong business and IT skills. A proper plan provides a vehicle for employees to understand the business and add value.
82 percent of IT leaders state they would benefit from greater insight into what goes on at the line levels of IT. An effective succession management program helps high-performance employees work their way up and carry line-level insights with them.
Recommendations for a Stronger Succession Management Program:
Ensure Your Program Has Depth: Leaders should implement a formal program for all key levels to gain important line-level insight.
Examine Your Approach: Organizations should tailor their approach according to their size, culture and business needs.
Define Your Criteria: A well-defined program allows employees to know what skills and behaviors are necessary to advance.
Communicate Your Plan: Organizations should communicate the purpose and principles of their succession management program, so employees know they are committed to their success.
Review Your Program: Organizations should review their succession management program at least annually to ensure it remains in sync with strategic goals.