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Tag Archives: business succession

The Consequences of Having No Succession Plan

More than half of companies today cannot name a successor to their CEO should the need arise.  A study conducted by the Canadian Financial Executives Research Foundation (CFERF) found that, “only 40% of Canadian private companies have a clear business …

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Tags: performance management, skilled labour shortage, strategic planning, succession planning Tagged , , , ,

How to Ensure a Great Transition for Your Successor AND Your Clients

A successful succession plan doesn’t start with an employee exit – it starts now.  As the Chinese proverb goes, “The best time to plant a tree was 20 years ago; the second best time is today.”  The more time you …

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Tags: skills development, strategic planning, succession planning Tagged , , , , ,

What to Do When the Veteran Employee Retires

Let’s face it.  Leadership change is inevitable.  With the baby boom generation – a whopping 29% of the Canadian population, according to Statistics Canada – reaching retirement age, a significant portion of the workforce may be retiring in the next …

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Tags: skills development, skills gap, strategic planning, succession planning Tagged , , , , , , ,