Best Practices

Succession Planning: Building Leadership Diversity

June 2019

Over the next ten years, record numbers of leaders and managers will approach retirement in the U.S. labor force and look to off-ramp.

The trend provides companies with a unique opportunity to accelerate their demographic profile at the management and executive level.

Leaders need to assess their organization’s demographics and age profile, identify when employees in mission critical positions will retire, understand what knowledge and skills will be lost, and develop a plan to advance and onboard the next generation of diverse talent.

This report provides some high level statistics related to the benefits of diverse teams, gender and ethnic diversity in the U.S. workforce, as well as information and tips on leveraging succession planning to increase diversity at senior management and leadership levels.

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