Succession Planning ON DEMAND
Available Until
Your Desk
3.0 Credits
Member Price $87.00
Non-Member Price $100.00
Overview
Succession Planning is a course that offers invaluable insights into creating and managing a successful succession program within an organization. This course benefits participants by outlining the strategic advantages of succession planning, including reduced turnover and the development of a deep talent pool. It covers the identification of potential leaders, the differences between succession and backup planning, and the essential attributes of a candidate ready for promotion. The course also delves into specialized training methods and coaching techniques to enhance employee skills and prepare them for advancement. For organizations concerned with leadership continuity, the course provides strategies for succession planning at the CEO level, highlighting the pitfalls of external hiring. By engaging with this course, participants will gain the knowledge to retain and nurture talent effectively, ensuring a seamless transition in key positions and a sustainable future for their organization.
Highlights
Succession planning. The succession planning process. Succession training. CEO succession planning. Succession planning metrics. Succession planning failures
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, leaders and managers.
Objectives
Recognize the costs of recruiting and onboarding. Specify who might be included in the different types of talent pools. Describe the characteristics of someone who is ready for promotion. Cite the differences between succession planning and backup planning. Recognize what constitutes leadership competency. Specify the indicators of a key position. Describe the techniques that can be used to make a succession planning program more effective. Cite the training methods that can be used to enhance employee capabilities. Recognize the uses to which coaching can be put. Describe the problems associated with hiring a CEO from the outside. Specify the characteristics of an insecure CEO. Identify the types of costs that can be incurred to replace an employee. Recognize the different causes of unavoidable turnover. Recognize the organizational structures that tend to block employee advancement. Specify the methods that can be used to retain employees.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $100.00
Member Price $87.00