Does your organization guard its succession plan? If so, you’re not alone. Nearly half the respondents in a recent survey reported that their organizations are not transparent when it comes to succession planning.
According to the survey, conducted by AMA Enterprise, 46 percent of the respondents said their companies are “not at all” transparent with succession planning and 43 percent said they are “somewhat” transparent. Only 11 percent said their organizations are very transparent on this strategy.
Similar to this issue, 38 percent keep their high-potential selection criteria secret and another 28 percent said they do not share information on admission to leadership programs.
Organizations appear to be most transparent when it comes to employee survey findings (41 percent “very”, 38 percent “somewhat”), followed by corporate strategy (35 percent “very”, 49 percent “somewhat”.)
The survey asked respondents, “How transparent is your company with respect to each of the following?”
|Employee survey findings
||Very 41%, Somewhat 38%, Not at all 21%
||Very 35%, Somewhat 49%, Not at all 17%
||Very 33%, Somewhat 47%, Not at all 20%
||Very 28%, Somewhat 49%, Not at all 23%
|Availability of coaching
||Very 27%, Somewhat 40%, Not at all 33%
|Career advancement opportunities
||Very 21%, Somewhat 50%, Not at all 29%
||Very 20%, Somewhat 47%, Not at all 33%
|High potential selection criteria
||Very 18%, Somewhat 44%, Not at all 38%
|Admission to leadership programs
||Very 15%, Somewhat 47%, Not at all 38%
||Very 11%, Somewhat 43%, Not at all 46%
AMA Enterprise conducted the survey to assess the trend toward greater transparency in employee development and career management. Nearly 300 senior managers and executives participated in the survey.