Succession Planning
Succession planning is described as having the right people in the right place at the right time. It is designed to ensure the continued success of all areas of the business, including key people over time. It is a dynamic process that includes not only the continued effectiveness of the business’ operations but also the building of talent to meet the future needs of the business – all with the goal of achieving success.
Applicable services include but are not limited to:
- Assessing the business and perform a SWOT analysis
- Determing key positions and job descriptions
- Identifying competencies for key positions
- Identifying and assessing candidates and develop a strategic plan for transition
- Creating development plans
- Key employee retention program
- Developing buy/sell agreements
Recent Articles:
5 Steps To Create A Viable Succession Plan For Your Family Business