Succession planning for retirement is a process by which organizations prepare for change. The goal is to ensure that the company’s operations continue without disruption and that essential knowledge and skills are not lost due to retirement. A well-designed succession plan can identify future leaders, foster a culture that supports and encourages career development.
We assist companies in;
- Define key roles. Determine which roles are important to the company and which employees are in these roles. Ensure that knowledge transfer is documented and other employees receive support and training.
- Identify the knowledge, skills, and competencies that successors need to possess
- Analyze potential successors, strengths and weaknesses, opportunities and threats
- Prepare a succession plan for potential successors, train, support, provide mentors, and regularly review the status
