Another notable finding from the survey results is the time frame for the future skills considered in succession plans. Of those reporting having either a formal or an informal plan in place, 84 percent considered skills that would be needed one year in advance, 76 percent considered skills that would be needed two years in advance, and 62 percent considered skills what would be needed three years in advance. But this percentage drops to under half for projecting four (47 percent) and five (44 percent) years in advance and plummets to 14 percent when the time frame is six years out.