Many Companies Lack Effective Succession Planning According to i4cp Survey
A recent survey by the Institute for Corporate Productivity (i4cp) reveals that only 40% of organizations are effectively building leadership bench strength. The study, which included nearly 800 global business and HR leaders, found minimal integration of succession planning into broader workforce strategies—only 18% reported high integration in overall business planning. The findings highlight a growing challenge for HR professionals as companies struggle to prepare for future leadership needs amid ongoing change and restructuring. i4cp emphasizes the need for more strategic approaches that focus on developing flexible, cross-functional leadership capabilities rather than rigid succession templates. Companies with strong internal talent pools are significantly more likely to be high-performing organizations. Experts from i4cp stress the importance of shifting conversations around succession planning toward future strategy needs instead of simply identifying who is next in line for a role.
Topics: leadership readiness succession planning workforce development