Does your company have a thorough, successful succession plan in place?

Succession planning is the process of identifying high potential employees, evaluating and honing their skills and abilities, and preparing them for advancement into positions that are key to the success of the business operations and objectives, and creating a diverse workforce.

When succession planning is properly implemented and the plan is reviewed periodically, unexpected vacancies can be avoided. Succession planning should be a priority for every business and should be part of your organization’s strategic business plan.