The case of the missing CEO

Putting retention into succession planning retention
By Margot Young
Canadian HR Reporter|Last Updated: 04/07/2003

It’s 2010 and do you know where your CEO is? Or more to the point, does your organization even have a leader?

Over the past decade organizations eliminated thousands of jobs, shaved off layers of management, and bid farewell to legions of highly experienced, bright, and loyal professionals. But now organizations are poised to ride the crest of a surging economy and they need talented leaders to lead their growth. Unfortunately, not only has the pool from which organizations can choose future leaders grown smaller, it is filled with professionals who need a compelling reason to remain with their organization.

What can organizations do to ensure they have the talent needed to compete and grow? The following strategies can help retain the best.