Besides helping companies prepare for their future leadership needs, succession planning bolsters employee motivation and retention. When individuals understand they have a future with their firm and their employer is committed to helping them gain the experience needed to advance, they're less inclined to pursue other opportunities.
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This will become an increasingly important benefit of succession planning as the supply of skilled IT professionals continues to tighten and recruiting and retention becomes increasingly difficult. Proactive companies won't want to delay leadership development efforts. The process of cultivating senior leaders takes time and organizational commitment, and the longer firms wait to develop internal talent, the greater the risk of being caught unprepared for upcoming challenges.
Reprinted by permission from Robert Half Technology, a leading provider of IT professionals on a project and full-time basis. Robert Half Technology has more than 100 locations in North America, South America, Asia and Europe, and offers online job search services at http://www.rht.com.
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