The Financial Psychology of Succession Planning
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This short course will help you to focus on understanding how to succession plan for your organisation, ensuring staff are ready to move into key roles whenever they are needed and ready.
What is succession planning and what role does it play in your organization? Succession Planning is a systematic process where Managers identify, assess and develop their staff to make sure that they are ready and able to assume key roles within the organization. Succession Planning performs the role of an audit check whereby all key processes and key personnel are identified, as well as the respective contingencies should these be necessary. Having this process in place is key to the long-term survival and growth of an organization, as it gears itself to meet present and future challenges through the optimization of its’ available resources.
This course is part of a series of ‘The Financial Psychology of … ‘ which can be found at Agilis Studio Academy.
Course Learning Outcomes
Participants on this course will benefit from:
- A greater understanding of how to plan for key roles replacement
- Strategies to develop and prepare employees for role mobility
- Greater understanding of financial benefits of succession planning for their organisation
- Greater understanding of employee value and market value in realtion to their organisation