Succession planning focussed on developing talent

Cleveland-Cliffs Inc., an iron mining company headquartered in Cleveland, has a workforce whose average age is 48, many of whom are approaching retirement age. The company is focussed on developing talent as in the next five to seven years the company faces the prospect of losing up to a third of its workers, including key executives. Cleveland-Cliffs had a comprehensive succession planning system instituted with the goal of identifying high-potential people and preparing them for key leadership...

BPIR Categories

9.9.1 Develop Human Resource Information System
9.3.2 Develop succession & career plans