Best Practices for Succession Planning & Examples of Succession Planning Software
Half of the CEOs believe that developing the next generation of leaders is their top challenge. Succession planning is a way to plan for the next generation of leaders in your company. This is a way to prepare your company for when executives or managers retire. There are many traditional methods to start this process, but succession planning tools can streamline it, save time, and make it more cost-effective. Once you have this information, prepare action plans to pass them to the next generation of employees. Your organization will create a "farm group" to develop younger employees. You will need the proper succession planning tools to accomplish this succession planning.
Successive companies have a succession plan to replace critical leaders in case of organizational changes or empl...