Recruiter Rant: Is Your Succession Plan a Recipe for Disaster?

Hiring Matters

Think your succession plan is solid? Think again! In this episode, we’re ripping the lid off a topic companies often avoid talking about—succession planning. If your strategy is simply crossing your fingers and hoping for the best, prepare for a wake-up call. With just 35% of organizations having a formal plan, most leadership transitions are a high-stakes game of hot potato. Ken’s exposing why your company's future could be hanging by a thread if you haven’t properly prepped your successor. Spoiler alert: That “ready-to-go” leader might turn out to be a disaster in disguise. Get ready for a no-holds-barred look at why every position has an expiration date, how failing to plan could throw your shareholders into a panic, and why fostering a culture of continuous learning and diversity might just be your ticket to avoiding chaos when change comes knocking. Sit down and hold on as we uncover why so many companies are just one leadership exit away from utter mayhem.

BONUS: Download our Succession Planning Checklist - a practical guide to ensuring a smooth leadership transition and safeguarding your organization’s future: https://turningpointexecsearch.com/succession-planning-checklist-2/

Ready to overhaul your approach? Have questions or personal experiences? Drop us a message or Join the conversation on LinkedIn.—share your own succession planning horror stories and tips.

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Takeaways:

• Succession planning is crucial for the future of any organization.
• Companies with well-executed succession plans see a 20% higher return on investment.
• Embracing change and using it as a catalyst for innovation is crucial for organizational success.
• Creating a culture where succession planning is seen as a sign of strength is important.
• Considering diverse candidates and fostering a culture of continuous learning are key elements of effective succession planning.

About Your Host:

Ken Schmitt is an industry veteran with nearly three decades of expertise in executive recruiting. He shares the wealth of knowledge gained from working with a large regional agency, the globally renowned Heidrick & Struggles, and founding TurningPoint Executive Search—a distinctive firm dedicated to fostering high-touch partnerships. With a wealth of experience and a passion for elevating the executive recruiting landscape, Ken brings a unique perspective that enriches every episode of "Hiring Matters."

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