Effective Succession Management Ensures Continued IT Success
Just as the theatre community relies on understudies to ensure a Broadway show can go on despite the absence of a lead actor, organizations must have a quality succession management program in place to protect against the loss of top IT talent. An effective succession management program recognizes and develops high-potential employees so they are prepared to take on invaluable IT roles. Successful programs offer career advancement opportunities to IT professionals while serving as powerful retention tools for organizations.
Key Facts
- Only 40 percent of IT professionals think succession management programs are effective—a sobering statement given that two-thirds of IT professionals believe these programs are important to their success
- Only 51 percent of IT leaders report their organization has a formal succession management program; the remainder either don’t have a plan or don’t know what their organization’s plan is
- 59 percent of IT professionals do not think the criteria for a high-potential employee is clearly defined by their organization
- 80 percent of IT leaders and 78 percent of IT professionals report that lack of measurement or evaluation negatively affects the impact of the succession management program