Succession Planning

The loss of valuable knowledge, skills and experience can cripple a company. Business succession planning prepares successors to take on vital leadership roles when needed. It is essential to the long-term survival of a company. Whether it is preparing someone to take over a leadership position in a corporation, or the sole proprietor of a small business, this course will teach you the difference between succession planning and mere replacement planning. How you prepare people to take on leadership responsibilities so that the company thrives in the transition is just as important as picking the right person for the job. Areas covered during this course include: succession planning and its role in your company, developing a succession plan, the importance of mentorship, talent and talent management, employee engagement, assessments and training programs, and employee retention.