Succession training is when a company identifies employees with managerial or executive skills and works with the employees to develop those skills. Succession training is one of the most important training programs you can implement. Below are just a few of its benefits:
1. Transition: Succession training allows for a smooth transition from one leader to the next. You don’t want to have a critical management or leadership position open too long or filled with someone that is not prepared. By training your next leaders you create a great ‘hand off’ from one leader to the next.
2. Invest In People: Succession training shows your willingness to invest in your people. It demonstrates a belief in your up and coming leaders.
3. Promote From Within: Succession training helps you develop your pool of talent so you don’t have to look outside the organization. This shows a ‘we promote within’ which helps with overall employee retention and morale.
4. Culture: Succession training helps perpetuate company culture. By investing in your top talent, retaining key employees, and promoting within, your company culture continues to thrive.
What do you do to ensure your next leaders are trained?