The unexpected loss of key talent or the failure to fill critical roles in a timely manner can quickly derail any institution’s goals. Combine such situations with a growing skills shortage, aging workforce, and growing competition for high performers, and it becomes obvious why institutions must invest more time and more resources in succession management.The unexpected loss of key talent or the failure to fill critical roles in a timely manner can quickly derail any institution’s goals. Combine such situations with a growing skills shortage, aging workforce, and growing competition for high performers, and it becomes obvious why institutions must invest more time and more resources in succession management.