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.
Laurie Clarke is a staff writer for CIO UK and its sister titles Techworld and Computerworld UK. She studied psychology followed by a Masters in Journalism, and has since worked in marketing and as a freelance consumer insight writer. Her particular interests include consumer tech, startup tech culture and how technology is shaping society.