Succession Planning Timesaver Kit

The good news is your company’s leaders finally decided to implement a succession plan. The bad news is they want you to present on the concept tomorrow. No worries! We’ve got you covered!

Succession planning is the process that businesses use to identify and develop internal people for future key leadership positions. While most succession plans focus on senior leadership positions they should also address key positions that can impact business should they become suddenly vacant.

Much like a business continuity plan a succession plan prepares for future scenarios that may disrupt a business. If a key employee suddenly leaves the company, it can have a drastic impact on business operations. It is a good practice of Human Resource strategy and future planning to have a succession plan in place to prevent disruptions. Also if a company has strong “bench strength” in leadership, it can add to the overall value proposition in the eyes of customers, shareholders, and investors.

This Timesaver Kit is ideal for:

• Board of Directors
• CEO’s
• Human Resource Executives
• Leaders
• Business Owners