Change management is always a major concern for organizations, but few challenges are more disruptive than an executive departure.
In a new survey from Robert Half Management Resources, only 52 percent of chief financial officers said they have identified a successor for their position.
The research suggests small businesses (20-49 employees), in particular, may be less prepared to deal with potential leadership changes, with only 37 percent of financial executives at those companies citing they have an heir apparent.
Robert Half Management Resources identifies the potential pitfalls for organizations that lack a succession plan:
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