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The Power Of Succession Planning


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brief PPT on key issues on succession planning and how to get help

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The Power Of Succession Planning

  1. 1. The Power of Succession Planning<br />Caroline Suggett<br /><br />
  2. 2. Why Is Succession Planning Important?<br />Succession planning is important for the company, employees and their families, investors, customers, the community <br />The impact of a company going out of business will splash like waves on every life it has touched <br />Planning for the future, rather than just getting by, is imperative if a company is going to exist in 5, 10 or 20 years<br />
  3. 3. Start Successful Succession Planning<br />Assessment of long term goals<br />Plan for business growth and retention of key staff<br />Know the aspirations and developmental needs of current employees<br />Start with mapping out your organisational structure, see example on following slides<br />
  4. 4. Organisational Structure (Senior Executive) – XYZ Company Ltd<br />Key: -<br />Red:Retiring or ExitingGreen:SuccessorYellow: Position AvailableBlue: New Employee<br />
  5. 5. Key: -<br />Red: Retiring or ExitingGreen: SuccessorYellow: Position AvailableBlue: New Employee<br />Succession Plan (Management/Staff) – XYZ Company Ltd<br />
  6. 6. Steps To Create Your Succession Plan<br />Have a go and do it yourself<br />Get trained in Succession Planning<br />Engage an expert to help you make it happen<br />“I cannot speak highly enough of Caroline. Working together has opened my eyes and ears to a whole new world and way of thinking. I'm a better professional thanks to Caroline.” <br />
  7. 7. Contact me about Succession Planning<br />Caroline Suggett<br /><br /><br />“We have used Caroline extensively for various projects - her insight, coaching and support is quite exceptional and I would recommend her to anyone without the slightest hesitation.”<br />