Succession Planning - Building the Bench
In this 30-minute session, Succession Planning, Kelly McDaniel emphasizes the importance of examining a company’s current state and creating a future one for their business. A key process involves identifying vulnerabilities in a company’s organizational chart and developing an action plan to address potential job function gaps which may impact business operations.
This may include:
- Identify employees who anticipate retiring within the next few years;
- Look at employees with tribal knowledge (not easily transferrable); and
- Review employee performance – promoting or terminating as needed. Doing so will impact business by creating position vacancies.
Watch the recorded presentation now!
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