When an employer has a well-managed leadership transition program, it can improve revenue by 3 percent to 5 percent and gain an advantage in talent acquisition, according to new research by advisory company CEB.

For employers that use innovative approaches for transition management, they focus on transitioning the incoming leader as well as the original team and other colleagues. Doing so creates less organizational paralysis and employee attrition during the transition while improving employment value proposition and reputation for assimilating new leaders.

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