Some of their findings:
- More than a fifth said that, even though they had succession planning in place, it was valueless because, as often as not, they ended up recruiting someone externally anyway.
- Another quarter admitted that, while there was work done on succession planning, it was only done in "fits and starts".
- 46% said that they updated their succession plans regularly, an absolutely critical requirement in a fast-changing, fluctuating business environment.
- 7% of firms admitted to having no succession planning in place at all.