An HR Guide to Succession Planning

Succession planning is critical to ensuring your business can continue to thrive when key people leave. By creating a well-planned succession strategy, you can minimize the risk of any significant disruptions that may occur when senior employees leave. In today's fiercely competitive business environment, it's crucial to have a focused approach to identify potential leaders for the future. A successful succession plan can lead to long-term success for your business. Get this right and your business can thrive long-term. Get it wrong and you risk facing workforce disharmony and rising costs.