Why Succession Planning Needs to be Your No. 1 Priority
When people think of succession planning, they tend to think of executive replacement. But what about all the other areas of the company? Do you have the next generation ready to fill roles at all levels of your company? Have you created a development plan for people to move up or across the organization? Or do you often hire outside of the company for roles because you think no one internal is good enough?
The only way to reduce the effect of lost talent or under-performing employees is with a multilevel succession roadmap. This kind of leadership commitment to developing and mentoring the next generation is a vital component of a company that believes its most important asset is its people. If the company doesn’t believe this at all levels, it will not be successful. (more…)
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