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Survey: Formal succession planning on the decline in the U.S.
Alexandria, Va. -- A poll from the Society of Human Resource Management, released Thursday, showed that the number of U.S. organizations with a formal succession plan in place decreased during the past five years from 29% in 2006 to 23% in 2011.
While less than a quarter of businesses have a formal plan in place, the numbers improve when informal plans are considered. More than one-third, or 38%, of human resources professionals said their organization currently has an informal succession plan or process in place (up from 29% in 2006).
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Jones Lang LaSalle names retail exec
Honolulu, Hawaii -- Jones Lang LaSalle announced Thursday it has named commercial real estate veteran Kirk Horiuchi as senior VP in its Retail Division.
In this newly created position, Horiuchi will oversee the company’s leased and managed portfolio, and will be tasked with growing the firm’s third-party retail business in Hawaii.