Positional Succession Planning
Succession planning is about long-term continuity in an organization and sustained profitable growth of the business. It is recognizing that changes will happen and people will leave the company, whether planned or unplanned. The foundation for coping successfully with staffing surprises is found in succession planning. Knowing that you cannot always predict when changes will take place, it is important to be as prepared as possible.
Succession planning is part of a risk management strategy aimed at minimizing a company’s exposure to a skills shortage, especially in times of crisis such as the sudden departure of an owner, executive, or uniquely skilled employee.
While no single executive, manager, or ...
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