Succession Planning- HR STYLE
From one generation to the next, your business may be biggest asset to either pass on or sell for maximum value. It is the future. Here are three things to think about when it comes to succession planning:
1. Identify and Prepare Employees to step into key roles as the organization grows and expands its' offerings.
2. Engage and Retain Superior Employees who appreciate the time, attention, and development you are investing in them.
3. Increase Visibility to Employee Readiness and Potential. Use a formal succession planning meetings so there are no information gaps.
These are all HR "things" that can help you sell your business for maximum value.
Turning Point HCM