08/25/2026
What happens when a key employee leaves and there is no one ready to step in?
According to SHRM, only 21% of organizations have a formal succession plan, while more than half have no plan at all. At the same time, 4.2 million Americans turned 65 in 2025, and AI continues to reshape roles and the skills organizations need.
Those numbers make a strong case for looking at succession planning across the entire organization. Critical knowledge and expertise can sit with a payroll manager, operations lead, benefits specialist, or other longtime employee just as easily as they can with someone in the C-suite.
One approach discussed in this article is developing talent pools for groups of roles that require similar competencies. This gives organizations a broader bench of internal talent while creating clearer development and mobility opportunities for employees. It also encourages leaders to identify critical roles, transfer knowledge, and prepare people before a vacancy occurs.
Succession planning works best when it stays connected to workforce planning, employee development, and the direction of the business. An annual review can also help ensure the plan continues to reflect the people, roles, and skills the organization actually needs.
If a key person left your organization tomorrow, who would be ready to step in? https://ow.ly/gpPR50ZBYpg
AI is reshaping the workforce, but succession planning is what keeps organizations ready when key people leave. Here's how to build the bench before you need it.