Category: Succession Planning

Entering into business succession planning is imperative for anyone that owns a company. This strategy is necessary for passing ownership of the business or protecting it against the loss of a key employee. Developing a business succession plan lets owners choose a successor to take over the company in the event of retirement, death, or […]

Succession planning plays an instrumental role in readying employees for advancement. These methods are often referred to as ‘grooming’ employees, but the reality is these methods are vital for a company’s overall success. Companies that don’t engage in succession planning may find their self in challenging situations if key personnel leave their position. Bringing employees […]