Successful Succession Planning
File Type: PDF
Subject: Business Strategy
If you are the owner of a system integration business that is beginning to thing about retiring, keep in mind that developing the necessary talent to lead your organization after your departure typically takes several years. So, start early. .
Succession planning is the process whereby an organization ensures that employees are recruited and developed to fill each key role within the company. In this process, you ensure that you will never have a key role open for which another employee is not prepared. This is also significant as you develop your talent bench strength within your organization.
-Susan Heathfield, The Balance Careers