Have you ever given a thought how would your business run if top three employees of senior positions level left your company tomorrow to join your competitors? What if the C.E.O. of the company became very ill and is unable to perform his duties? Would your business continue to run efficiently if any of such situation arises? Answering these questions can become quite a difficult task if the organization is not prepared for management succession planning.
Yes, succession planning is essential for every organization to remain successful and continue its effective performance even when several crucial members of the organization, retire or leave for any of the reason.
Let’s find out more how drafting a succession policy for your company will help achieve benefits for your business.