Best practices for succession planning

Most companies don't have it in place, but here is a guide to succession planning

Succession planning concerns identifying and training up internal candidates that could step into a business role after an employee departs or retires. As there is no longer a default retirement age, planning for someone’s retirement or departure has become more complicated and requires a little extra tact and care in handling.

Yet despite this, two thirds of small to medium sized companies have no succession planning in place according to Aldermore’s latest Future Attitudes report. So how do you successfully implement succession planning? Here is a guide.