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Succession Planning = Planning for Success

Posted by Vy Huynh on Jul 11, 2014 10:10:00 AM

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What should you do today to be well prepared for when your organisation’s key employee: resigns, falls ill, or is fired? The answer is build a succession plan!!!

"Failing to plan is planning to fail.
Planning is bringing the future to the present so that you can do something about it now."

Succession planning is a process whereby your organisation can ensure that employees are recruited and developed to fill each key role within the company. Through the succession planning process, companies can recruit superior employees and develop them to their full potential.

However, succession planning is still not a top priority issue in many organisations. With companies facing multiple organisational challenges, thinking about who the next Executive Director might be or what would happen if the Director of Marketing suddenly quit is not always top on their priority list.

But do you know that effective and proactive succession planning can help your organisation have more time to focus on core business activities by leaving your organisation well prepared for: expansion, the loss of a key employee, filling a new job, employee promotion, and organisational restructure. Successful succession planning ensures that the organisation’s activities that are crucial to its operation are sustained beyond the tenure of the individual currently responsible for them.

Download our latest E-Book "No Succession Plan? No Success!" today to learn how to begin and improve succession planning.

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Topics: succession planning, employee promotion, organisational restructure

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