In today’s highly competitive healthcare labor, nearly 9 out of 10 organizations are experiencing a leadership shortfall, and only one-third of organizations have formal systems in place to identify high-potential leaders and strategies to retain them. What gives? Market-leading healthcare organizations have one thing in common: succession planning.
Why bother with succession planning at all? “The clearest answer is that leadership really matters. Organizations either thrive or don’t because of the quality of their leadership,” writes Nancy Schlichting, former CEO of Henry Ford Health System. Effective succession planning protects organizations from severe disruption and underperformance in an era of value-based care and shrinking reimbursement; it also helps you keep employees engaged, retain top talent and groom them for leadership when succession plans broaden beyond C-suite.
Join Mike Grubich (President & Managing Partner of the LAK Group) and Andy Hillig (President of Andy Hillig Solutions, LLC) as they provide an overview of what succession planning is, the essential things to consider in your organization’s succession plan, and how individuals can take charge of their own careers and plan for their own career advancement.