Succession Planning and Management: A Comparative Study

This benchmark study provides an overview of the succession planning and management practices of 14 companies. It is intended to sharpen the understanding of the choices some of our clients face as they consider creating or enhancing their own systems for succession planning and management. While questions and interest stemming from the financial services industry have led to initiation of the study, the themes and implications which emerged are relevant across industries. Information about the practices of the 14 companies were obtained through telephone interviews. The interviews were conducted with company personnel (mostly from human resource departments) who had either direct knowledge or were responsible for managing these processes in their respective companies.