According to a number of surveys, we can expect to see a significant increase in the turnover of long-time nonprofit leaders in the near future. In fact, this wave of leadership retirements is already impacting the nonprofit environment. The effect on the nonprofit communities will be significant, and organizations that are well-prepared will be able to make the most of the transitions. However, many boards have not prepared a succession plan and will find themselves scrambling to replace key leadership positions. A thoughtfully prepared plan will lay the groundwork for a successful and smooth transition.
The National Council of Nonprofits has prepared a list of ten planning tips for leadership transition at https://www.councilofnonprofits.org/tools-resources/succession-planning-nonprofits.
When is a good time to start thinking about leadership transition? Now.