Wiley, 2012. — 264 p. — ISBN: 1118095146, 9781118095140The fast and easy way to get a handle on business succession planningWhile the demand for effective managers continues to grow, the retirement of baby boomers is producing a sharp decline in the ranks of available management personnel. In addition, the executives of the future are expected to be more sophisticated in order to develop and lead new global and technological initiatives. For these reasons, strategic and often long-sighted succession planning for the eventual replacement of managers at all levels has reached a critical level.Business Succession Planning For Dummies aids managers, human resource professionals, and upper management in cultivating and retaining their existing employees to ensure the availability and capability of persons to assume leadership roles in the future. In plain English, it prepares business owners to ask the difficult questions when it comes to developing a working succession plan for their businesses key positions. This book also offers information on how to retain and train personnel within an organization so that a more seamless transition can be made when a senior leader or other important personnel retires or leaves the organization.
How to retain and train personnel for a more seamless transition
Easy-to-follow guidance on developing a working succession plan
Tips to create a plan to save time, money, knowledge, and clients by hiring from withinIf you're a manager or human resources professional looking to develop a working succession plan, this hands-on, friendly guide has you covered.Table of Contents:
Introduction
What Is a Succession Plan, and Why Do You Need One?
Sowing the Seeds for Long-Term Success
Why Succession Planning Matters
Pinpointing the Right Type of Plan for Your Organization
Creating a Plan and Putting It into Action
Preparing the Plan: Six Steps to Success(ion)
Implementing the Plan
Evaluating the Plan’s Implementation
Overcoming Obstacles in Implementing Your Plan
Diving Deeper into Succession Planning
Covering Key Positions in Your Succession Plan
Figuring Out What You Need in a Successor
dentifying and Developing Successors within Your Organization
Aiming for a Smooth Transition
Keeping the Succession Ball Rolling
Making Great Exits
Maintaining Your Plan in Today's Changing Workplace
The Part of Tens
Ten Mistakes That Sabotage Succession Plans
Ten Ways to Keep Your Succession Plan Alive
Index
