Graham and Dan Schwab - Succession Planning
Leadership Succession Planning Leaders at the most senior levels are focused on medium and long-term objectives, of meeting goals and KPI‘s, keeping the stock prices high. The organization, small or large, will still be there, hopefully operating successfully for a long time. When the executives do leave for whatever reason, there is often a void which can have effects on the bottom line in the short term. Those left behind can feel a sense of loss, even grieving. Not good for them or the organization’s performance. Succession Planning There is one thing that is certain in all organizations for every employee at every level: at some point, they will all leave. It may be a promotion it may be retirement it may be a termination. But everyone leaves. Leaders at all levels must consider the inevitable. Often they don’t. The HR department, of course, must play a critical role in this planning process, to develop potential candidates to m...
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