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Why Succession Planning Matters & 4 Simple Steps to Building a Strategic Succession Management Plan

by TLD Group posted in Leadership Development, Leadership, Physician Leadership, Succession


Leadership turnover has remained high over the past few years in the health ecosystem, with recent research by the American College of Healthcare Executives reporting an 18% turnover rate for CEOs. As executives leave, human resources (HR) leaders are left with tough questions around who will take their place. What does success and growth look like for their organization? How does a company find, and hire, an executive who wants to create the workforce of the future -  diverse, technologically competent, and global? Who, whether they are inside or outside of the company, is in a position to replace the incumbent? 

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