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Effective Succession Planning Communication Contributes to Improved Retention: New Guide From McLean & Company

PR Newswire ·  Oct 18 01:47

A new guide from global HR research and advisory firm McLean & Company provides advice for HR to educate those communicating with succession candidates and candidates' people managers to effectively inform and support these individuals. Effective communication leads to improved succession program success rates and decreased turnover.

TORONTO, Oct. 17, 2024 /PRNewswire/ - From hiring to exiting, talent management remains a key function of HR as the department oversees the employee lifecycle of an organization's workforce. According to McLean & Company survey data, succession planning plays an integral role in effective talent management, with 47% of exiting employees citing "opportunities for career advancement" as having a moderate or major effect on their decision to leave an organization or as their primary reason for leaving. In a new HR industry resource, Succession Planning Conversations Guide, McLean & Company highlights that a well-designed succession plan is not enough and that achieving success requires intentional and well-executed communication.

The new Succession Planning Conversations Guide from McLean & Company complements the firm's Design a High-Value Succession Planning Program research and has been designed to help HR share the importance of communication for succession planning programs with key organizational players. The guide serves to educate those communicating with succession candidates, including those not identified as successors and at various readiness levels, on how to inform and support impacted employees. (CNW Group/McLean & Company)
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