Get ready, business owners. 2017 is shaping up to be one heck of a ride for Connecticut employers. Here are some of the trends I expect to see in 2017 that will provide opportunities for some and pose serious obstacles for others. Check out the Hartford Business Journal’s recent article, Business trends that will shape […]
Succession Planning
The Pros and Cons of Back up Planning.
Back up planning – Some business leaders make the mistake of thinking they are doing succession planning when in fact they are really doing something we call ‘backup planning’. We define backup planning as the process of identifying people in an organization who are best-equipped to serve as backups for current employees, should those people […]
Three Kinds of Plans for Succeeding with Succession – Do you Know the Differences?
There are three kinds of succession planning activities that will help keep you and your organization safe. Key position succession planning – There are two divergent mistakes business leaders make when it comes to planning what to do when a key position becomes vacant. Some assume it cannot be done well. Others think it can […]