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The Power Of Succession Planning
- 1. The Power of Succession Planning Caroline Suggett http://uk.linkedin.com/in/carolinesuggett
- 2. Why Is Succession Planning Important? Succession planning is important for the company, employees and their families, investors, customers, the community The impact of a company going out of business will splash like waves on every life it has touched Planning for the future, rather than just getting by, is imperative if a company is going to exist in 5, 10 or 20 years
- 3. Start Successful Succession Planning Assessment of long term goals Plan for business growth and retention of key staff Know the aspirations and developmental needs of current employees Start with mapping out your organisational structure, see example on following slides
- 4. Succession Plan (Senior Management) – XYZ Company Ltd Key: - Red:Retiring or ExitingGreen:SuccessorYellow: Position AvailableBlue: New Employee
- 5. Key: - Red: Retiring or ExitingGreen: SuccessorYellow: Position AvailableBlue: New Employee Succession Plan (Management/Staff) – XYZ Company Ltd
- 6. Steps To Create Your Succession Plan Have a go and do it yourself Get trained in Succession Planning Engage an expert to help you make it happen “I cannot speak highly enough of Caroline. Working together has opened my eyes and ears to a whole new world and way of thinking. I'm a better professional thanks to Caroline.”
- 7. Contact me about Succession Planning Caroline Suggett caroline@rom-consultancy.co.uk http://uk.linkedin.com/in/carolinesuggett “We have used Caroline extensively for various projects - her insight, coaching and support is quite exceptional and I would recommend her to anyone without the slightest hesitation.”