Succession planning is the process of preparing to hand over control of the business to others in a way that is the least disruptive to the business’s operations and value. Effective, proactive succession planning leaves your organization well prepared for expansion, the loss of a key employee, filling a new, needed job, employee promotions and organizational redesign for opportunities. Successful succession planning builds bench strength.
At Haskel Thompson & Associates we keep our clients aware of employment trends in the industry and help you predict the roles you will have a difficult time filling externally. We assist in identifying and understanding the developmental needs of potential successors for key positions through a systematic evaluation process. Succession planning is one of those initiatives that many companies don't find the time to start until it's too late -- if you don't address succession planning now, your organization may end up facing the burden in the middle of a crisis. Take the following test and reflect on your final score. We're here to help - just call.