Preparing for an Impending Employee Exodus: Increased Turnover and Retirement Risk Necessitate Succession Planning

Woman talking to employee

Preparing for an Impending Employee Exodus: Increased Turnover and Retirement Risk Necessitate Succession Planning

Human Resources
Pages:22 pages45 min read

Author: Dilys Leman, Liz Marcil

$195.00

In light of retirements and voluntary turnover rates rising, organizations need to take a  look at their succession planning strategy. This research shows that organizations should integrate employees at all levels to move up the succession ladder.

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In this research, we examine the results of a survey of 286 Canadian organizations on how prepared they are in light of pending retirements and voluntary turnovers.

How many organizations have a robust succession plan in place? How well prepared are they for employees at all levels leaving the workplace over the next few years? Have organizations considered a succession plan that integrates employees at all levels, and not just those in senior- and management-level positions?

Read the issue briefing to get our full analysis.

Key findings
Introduction
The new face of retirement
Voluntary turnover rates have increased since onset of pandemic
Robust succession planning is the key to organizations’ long-term stability
Conclusions
Recommendations
Appendix A—Methodology
Appendix B—Respondent profile
Appendix C—Participating organizations
Appendix D—Glossary
Appendix E—Bibliography

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