Human Resources: Doing it Right: Succession Planning

If you think your company can postpone succession planning for a while, consider that the retirement crisis has already created a shortage of such critical skilled workers as air traffic controllers, nurses and engineers, just to name a few. Our country may even face a shortage of lawyers. That’s right, lawyers. So, no matter what industry your company is in, chances are good that you, too, are going to lose key people sooner than you might think, making succession planning imperative right now. The great news is the companies that work hard now to be prepared will enjoy a significant competitive advantage.

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