Getting Your Replacement Ready To Go

We recently reported that more than 50% of executives in specialty provider organizations are planning to leave their job or would consider leaving their job in the next five years, and that the number one reason these individuals are leaving is to retire (see Size Matters In Executive Compensation).

This situation makes succession planning more important than ever. How do you find the next generation of leaders in your organization? For many specialty provider organizations, “building” is the answer—because they are unlikely to be able to recruit a replacement from the outside for what they are currently paying. (For . . .