Planning for Success(ion)

Planning for Success(ion) Planning for Success(ion) PLANNING FOR SUCCESS(ION) CFOs reported whether they’ve identified a successor for their position TOTAL COMPANY SIZE 20-49 EMPLOYEES COMPANY SIZE 50-99 EMPLOYEES COMPANY SIZE 100-249 EMPLOYEES COMPANY SIZE 250-499 EMPLOYEES COMPANY SIZE 500-999 EMPLOYEES COMPANY SIZE 1,000+ EMPLOYEES Yes 52% 37% 49% 49% 58% 68% 54% No 48% 63% 51% 51% 42% 32% 46% Those who haven’t identified a successor explained why TOTAL COMPANY SIZE 20-49 EMPLOYEES COMPANY SIZE 50-99 EMPLOYEES COMPANY SIZE 100-249 EMPLOYEES COMPANY SIZE 250-499 EMPLOYEES COMPANY SIZE 500-999 EMPLOYEES COMPANY SIZE 1,000+ EMPLOYEES Not planning to leave soon 64% 61% 76% 58% 55% 72% 59% No qualified candidates at the company 17% 18% 11% 14% 19% 17% 22% Too busy focusing on other concerns 14% 10% 9% 20% 22% 11% 18% Not a priority since they would no longer be with the company 4% 7% 4% 7% 3% 0% 2% Other 1% 4% 0% 1% 2% 0% 0% 5 risks of not having an identified successor #1 Disrupts organizational productivity #2 Takes legacy knowledge out of the business #3 Puts strategic decisions on hold #4 Impairs internal professional development #5 Creates a protracted leadership void