The data is painfully clear: the facility management industry is facing a succession planning and labor force crisis. It has already started for some organizations and is expected to reach a fevered pitch in the next 5-7 years. As many seasoned FM professionals begin retiring, there will be a palatable lack of the institutional knowledge. A study conducted by the Simplar research team found that while most executives start developing a plan for succession, very few of them have a formal transition plan. This presentation will provide a summary of the tools available and recommendations for next steps.
