As an employer looking to fulfil a role – whether newly created or recently vacated – it is critical that you look within your existing team or teams. Let’s talk about succession planning and how important it is in running a business.
Employee development and promotion from within is a fantastic motivator and demonstrates the commitment of your company to your workforce’s individual career goals and future plans. Succession planning will help you to create a contingency against key employees leaving.
If you have the possibility of promoting competent people, you should absolutely consider it. Unfortunately, managers are often too swift to hire outside of the business, and should look at implementing a proactive training and education plan.
In the end, all organizations, no matter their size, need succession planning. The only question here is how effectively implement it in your business and I can help you with that.
About Beatrice Bartlay
A regularly published author of business articles.
You Tube Educator https://www.youtube.com/channel/UCUYsl3qSSjYJzWAnoJa1G7Q