Lynda Hilliard (email@example.com) is Principal of Hilliard Compliance Consulting in Mount Shasta, CA.
We have discussed the nature of change in several columns, but a major change in leadership of an organization can cause trauma if not planned for and managed well. A new career opportunity for the compliance professional, a planned retirement, or even the untimely death of a leader are all indicators for the need to discuss and plan for succession.
Succession planning is a process that provides several advantages to both employers and employees. Some of the benefits include: