WHAT IS SUCCESSION PLANNING?
According to BusinessDictionary.com, succession planning is "the identification and development of potential successors for key positions in an organization, through a systematic evaluation process and training. Succession planning is largely predictive in judging an individual for a position he or she might never have been in." Essentially for larger organizations, it entails developing internal people with the potential to fill key leadership positions in the company.
SUCCESSION PLANNING RESOURCES:
Want some stats on why succession planning is so critical to Canadian organizations? Read this Globe and Mail article from 2015 for some interesting information. Fox & Owl can help your business plan for the inevitable turnover.
Read the 2016 published thesis on succession planning by Fox & Owl Consultant, Melissa Ketler:
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