Is your organization in a constant scramble when someone suddenly leaves the company?
Have you ever had a key employee leave that you thought would always be there to do the job?
Do you have a plan?
A succession plan, to be more specific.
“I know I have heard of that. But what is it, and why do I need one?” you may be asking. A succession plan is defined as “a process for identifying and developing new leaders who can replace old leaders when they leave, retire or die. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available.” Succession planning is not just for large employers. It's critical for small ones, too. They benefit employees as well as employers.