Center for Private Company Excellence Seminar: 10 Key Steps in a Well-Crafted Succession and Continuity Plan

Center for Private Company Excellence

10 KEY STEPS IN A WELL-CRAFTED SUCCESSION AND CONTINUITY PLAN

 

June 11, 2015
7:30am to 10:00am
Kreischer Miller
Horsham, PA

While 90 percent of companies acknowledge the importance of succession planning, less than 50 percent make the commitment to actually develop a plan.

This seminar took an in-depth look at the 10 key steps to creating a well-crafted succession plan:

  1. Make the commitment to plan.
  2. Assess the job description and attributes necessary to be a successful successor.
  3. Assess your company’s bench strength and appraise the performance of potential candidates in their current roles.
  4. Assess candidates’ talents, abilities, personal attributes, and future potential.
  5. Determine the development programs and experiences candidates will need to enhance their skills and prepare them for succession.
  6. Evaluate candidates’ progress.
  7. Consider employee retention practices and programs.
  8. Prepare for false starts.
  9. Prepare for the implications of transition.
  10. Continually evaluate your succession planning model.