Succession Planning
Succession Planning
- Identifying key roles and potential successors
- Producing leadership development programs
- Offering coaching and mentoring for high-potential employees
- Ensuring a smooth transition during leadership changes
By investing in succession planning, you can make certain that your business is well-prepared for the future and that your leadership pipeline is strong and capable.
FAQ’s
What is succession planning, and why is it important?
Succession planning is the process of identifying and developing employees to fill key leadership roles in the future, ensuring that you retain skills in the organisation. It ensures organisational stability by reducing disruptions during transitions and preparing your business for growth.
How often should succession plans be reviewed?
Succession plans should be reviewed at least annually or whenever there are significant organisational changes, such as new business goals, leadership departures, market shifts and alongside annual reviews for staff. Regular reviews ensure the plan remains relevant and effective.
Can you assist with succession planning for family-run businesses?
Yes, we understand the unique dynamics of family-run businesses and help create succession plans that balance familial relationships with professional needs. This includes identifying suitable successors, mediating discussions, and implementing strategies to ensure a smooth transition while protecting business continuity.
Do you assist with setting up apprenticeships?
Yes, we work along apprentice partners to provide recruitment support and we also ensure you have everything you need in place for them to join their course, including risk assessments, contract of employment and policies and procedures.