Why is having a Succession Plan important for your business?
Without proper Succession Planning, it may result in loss of productivity and morale when key members leave abruptly and the company is unable to respond quickly to
fill the key positions. Having a Succession Plan in place is therefore critical to ensure a smooth transition of leadership and the continuation of operations. This also helps to motivate and retain your top talent, when they know that the company values their contribution and is willing to invest in their professional growth.