46% of executive departures are unplanned
50% of baby-booming senior managers will
reach retirement age in the next five years
51% of companies do not have a succession
plan in place
Only 6% of companies have a system in place
to build “top-flight” executive teams
Most of the organization did'nt bother about the succession plan. Most of the senior didn't care about training the 'talent management' for the sustainability of the organization. The 'talent management' & 'talent pool' is seriously emphasized in the organization that seriously concern about the future of their organization.
Where are we?
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