Succession Planning

Succession Planning and Building Your Bench(es)

At PC, we know that succession planning is a strategic process for growth. It ensures that there’s continuity of leadership and critical roles within an organization. “Building your bench(es) proactively prepares your designated talent to step into key positions as they become vacant.

Not only for retirements, acquisitions, or unexpected departures, your approach must be forward-thinking and based on developing your people. People planning is vital to maintaining organizational stability, fostering growth, and preserving knowledge you can’t afford to lose.

We Partner With You to Ensure:

  1. Business goes on as usual - uninterrupted.

  2. Institutional/legacy knowledge is preserved.

  3. You have a strategic plan to retain, train and engage your top talent.

  4. Emotional intelligence is prioritized, that people feel confident and informed about the change(s) so growth can occur.

  5. You respond with organizational agility when unexpected changes occur (leadership, retirement, mergers and/or acquisitions).

  6. Leadership development becomes a staple of your culture building strong leadership pipelines - clear pathways for Next-Gen Leadership.

Succession planning is not a one-size-fits-all approach. We know you need strategically customized plans based on your people, industry, needs and culture.

Learn More About our Succession Planning Packages

Illustration of people running across a large key bridging a rocky gap

Think You Don’t Have Time or Resources to Build Your Bench(es)?

Be prepared for:

  1. Operational Disruptions - Gaps in leadership or critical roles will stop you in your tracks.

  2. Loss of Knowledge - the learning curve will be your biggest time thief.

  3. Increased Turnover Costs - Replacing people will cost you way more than a strategic succession plan. (Your talent will go where they can grow)

The Financial Impact of Not Doing Succession Planning:

Deloitte estimates that knowledge loss due to retirements alone costs U.S. businesses approximately $160 billion annually.