The Story The CEO of WJH Company announced his retirement to his board one year in advance. The board decided to start the search immediately and chose an executive search firm to help them through the process. In the meantime, the CEO informed his executives and...
As the population continues to age, it is not only affecting the workforce but also the board rooms. A recent study proves that board rooms are skewing older now. The study says that approximately 83% of board members are over the age of 40, while the general public...
We are experiencing a ton of turnover in our job market today due to the Baby Boomers retiring and the great resignation surging. Plus, it has become increasingly difficult to recruit individuals for positions, both at the entry-level but also in mid-management and...
You have heard me talk about succession planning many times. And succession planning can mean different things to different people at different organizations. But let me give you three of the most common scenarios when it comes to creating a succession plan. And I’ll...
A Ton of Turnover! Currently, there is a ton of turnover occurring in the executive ranks and it will continue into the future. This is mainly due to the “Silver Tsunami” and the “Great Resignation”. The “Silver Tsunami” refers to the baby...
Your organization is doing a great job. Hopefully you have a formal succession plan in place for particular positions and you have created an emerging leaders/high potentials program. Now, how do you keep those high potentials motivated within your organization? What...