![]() ![]() ![]() ![]() And because succession planning often falls under the categories of disaster recovery and business continuity, it frequently receives less attention than does preparing for sexier events such as hurricanes, earthquakes and terrorist attacks, even though these are far less likely to occur than, for example, a car accident. Planning for major catastrophes also emphasizes information systems and the proprietary data within them and all too often gives short shrift to the people who manage it all. “The old question is, ‘What if someone gets hit by a bus?’ Well, we know the answer to that now,” says Moquin, who took over for Boehme during his two-and-a-half-month convalescence.Ĭompanies often lack succession plans that reach beyond their C-level officers and their direct reports. In a report by Aberdeen Research, 82 percent of the companies surveyed claimed to have a succession plan for their executives, while only 17 percent did for lower-level workers and just 12 percent for their IT staff. This leaves less-visible (and often younger) employees stepping into managerial roles after a disturbance in the head ranks, often without sufficient training or preparation. ![]()
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