Succession planning is important because organisations often discover gaps too late. Many only test their succession plan when a senior leader resigns, a critical specialist retires or a transformation lead moves on. By then, they are reacting under pressure, not planning early.
That risk is widespread.
DDI’s Global Leadership Forecast 2025 found that only 20% of HR leaders say they have leaders ready to fill their most critical roles.
Effective succession planning gives the leadership team a clearer view of who is ready now, who could be ready next and where capability gaps need to close before a key role becomes vacant. It also connects succession planning to workforce planning, talent management, development investment and business strategy, reducing risk to continuity, productivity and transformation delivery.
Many organisations focus succession planning on senior management, while overlooking critical roles elsewhere in the business. Succession risk does not only sit at the top. It sits wherever critical capability is concentrated.