Successionmanagement is the systematic process of identifying and developing internal talent to seamlessly fill future leadership roles and critical positions within the organization. It is a proactive approach that not only addresses short-term needs, but also supports the long-term business strategy.

Succession Facts

67% of companies worldwide state that they have no formalized succession planning

56% of companies see the loss of key knowledge as the main risk of inadequate succession planning

21% higher employee retention in companies with structured succession planning

Succession management in practice

Proactive talent identification

Those who recognize talent early on remain competitive - and not just for current key positions. Forward thinking is also required for future roles that arise in a constantly changing world of work. Digital tools and artificial intelligence can be used to discover potential that remains hidden at first glance. This creates the basis for sustainable succession planning.

Individual development plans

Succession planning is a dynamic process. Tailor-made development programs are the key to preparing employees for new roles in a targeted manner. Whether it's technical know-how or soft skills - individual support gives them the confidence and skills they need to grow and succeed in new roles.

Transparency and employee involvement

Clear perspectives are crucial. Employees want to know what development opportunities they have, and a transparent career path motivates them to play an active role in shaping their professional future. This openness not only strengthens trust in the organization, but also promotes long-term loyalty.

Focusing on diversity and inclusion

Sustainable succession planning takes all perspectives into account. Gender diversity, cultural diversity and new ways of thinking must be specifically promoted and integrated into management structures. Diversity in leadership brings new ideas and strengthens innovative power - an indispensable component of modern organizations.

Data-driven decisions

Clear figures and data create the basis for well-founded decisions. With data-based insights, talent gaps can be closed in a targeted manner and succession readiness can be measured precisely. The use of modern technologies not only makes succession management more efficient, but also more strategic and future-oriented.

Magnetic Attraction

Creation and solution of complex optimization models to determine the best possible measures.

With Cornerstone, succession management becomes a game changer for your company.