Succession Planning

Companies are waking up to the fact that there are costs and pain associated with not having a succession planning strategy in place. Think about the stress of scrambling to find replacements when a key contributor walks. Or the financial impact of hiring – in terms of time and lost productivity when people are pulled away from their “real job” to interview candidates. Many companies end up going external (using headhunters) to replace a key contributor, which is clearly expensive when fees can range from 20-40% of the placed employees annual salary.

Since today’s workforce is more transient than ever, it becomes critical to assess employees – from both a talent and performance perspective – and openly provide career development opportunities to ensure the right people stay.

Let us help you clarify your succession planning strategy. We direct companies on how to design a Succession Plan, assign roles, communicate to develop support and manage the change, anticipate the obstacles and adapt goals and plans accordingly. We can help you assess, groom, and place the right talent throughout the company.

Succession Planning Course

The loss of valuable leadership can cripple a company. Business succession planning is essentially preparing successors to take on vital leadership roles when the need arises. Whether it is preparing someone to take over as the sole proprietor of a small business or a position of leadership in a corporation, business succession planning is essential to the long-term survival of a company. This course will teach you the difference between succession planning and mere replacement planning and how to prepare people to take on the responsibilities of leadership so that the company thrives in the transition.

At the end of this workshop, participants should be able to:

Define business succession planning and its role in your company.
Lay the groundwork to develop a succession plan.
State the importance of mentorship.
Define and use a SWOT analysis to set goals.
Create a plan, assign roles, and execute the plan.
Communicate to develop support and manage change.
Anticipate obstacles, and evaluate and adapt goals and plans.
Characterize success.

It has never been more important to develop and retain talent at every level of the company. And that starts with a redefined perspective for assessing, grooming, and placing the right talent throughout the company.

Talented, Trusted Workplace Training Solutions

Hi Q Training offers Succession Planning Courses amongst a variety of Other Training Courses. Contact us if you’d like to discuss how we can tailor training for your workplace. We raise productivity and relationship quotients, one team at a time.