BUSINESS SUCCESSION PLANNING
Succession planning is a process of determining critical roles within the company, identifying and assessing possible successors, and providing them with the appropriate skills and experience for present and future opportunities. In other words succession planning comprises of these important steps -
Recruitment and staffing - you recruit superior and right employees
Training and development - you train the employees to develop their knowledge, skills and abilities
Performance and Compensation management - prepare them for advancement or promotion into ever more challenging roles
Other (in which talent management plays a role) - you are prepared to retain or replace superior employees
With good succession planning in place, employees are ready for new leadership roles so when someone leaves the company, another is skilled and ready to step-up to that position. We can assist in developing a strategic succession plan for you and your employees. Contact Us or call us (626) 858-6950.
Over 30 Years of Accounting & Tax Knowledge