Every business, no matter how large or small, should have a succession plan, or at least consider establishing one. In short, a succession plan is a strategy for the future. These plans should be designed to identify employees who can fill leadership roles when incumbents move on. The objective is to create a talent pipeline ensuring an established successor fills the vacancy or ensures a smooth transition until a successor is named. A succession plan is imperative for the longevity of any business. It is a proactive approach that ensures business continuity, increases employee engagement [...]