Succession Planning
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Succession planning is the process of looking long term to ensure that executive and management positions are occupied by qualified people promoted from within, and that employees have avenues for promotion. Learn more about it here.
By n a
Take a look at the recommended succession planning process used by the Federal Office of Personnel Management's Employment Service. You'll get ideas for your own succession planning process.
(Added: 20-Feb-2006 Hits: 641)
By ROBERT FREEDMAN
A succession plan doesn't have to be elaborate, but it is crucial for small business owners to seamlessly transition their company upon retirement. Here are some tips for how to accomplish this
(Added: 19-Jan-2006 Hits: 538)
By Robert M. Fulmer, Ph.D
Pepperdine University's Graziadio Business Report offers best practices in succession planning based on a research study. Keep your succession process simple and rely on coaching and development are two best practices. Good company examples of succession planning practices are provided.
(Added: 20-Feb-2006 Hits: 651)
By n a
So what are the practical steps that need the most careful attention when it comes to implementing an effective, transparent CEO succession process? In our view these are, in order of priority: ensuring a transparent understanding of what is needed; ensuring transparent handling of external candidates; and ensuring transparency in dealing with internal candidates.
(Added: 20-Feb-2006 Hits: 455)
By Robin Throckmorton
Whether we are human resources professionals or business owners, we know what positions are critical to the organization and know we need to have a contingency plan or succession plan in place to minimize the impact of a loss. However, statistics show that less than 15% of businesses actually do have a plan. But why? Some of the most common answers I get to this question are: it takes too much time to create a succession plan for all our critical positions; the plan changes too often with our business needs; or how likely is it to really happen anyway?
(Added: 27-Mar-2005 Hits: 526)
By Martin Haworth
A core activity in many successful businesses, Succession Planning is simple and quick to implement - here are seven reasons why you will find it of great value in your business or organisation. But, you need to lead - it works only as well as the support it gets!
(Added: 27-Jun-2005 Hits: 935)
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