Succession Planning
Succession Planning
(OP)
Do any of you get involved in this? I have once worked for a company that in theory thought about it, but I left before we got serious.
Cheers
Greg Locock
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RE: Succession Planning
RE: Succession Planning
RE: Succession Planning
In an ironic counter point, just prior to this project I picked up additional support responsibilities on several product lines because of the loss of their engineers. Unfortunately I have to go in "cold" as there was no knowledge base retained. My advantage is that those lines are relatively mature products with experienced operators.
While this ladder does not cover every position and means of advancement within the company it is a good start in covering one of the more critical areas of the business. At the company my brother works for now, one of the first things that got handed to him (within the front of his employee's handbook) was the career ladder documentation going completely up to the top levels.
To the Tick,
I hope the disruptions caused by the incapacitation of your senior engineer can be minimzed and that he/she makes a speedy recovery.
Regards
RE: Succession Planning
The problem escalates in the fact that the cost between purchasing a major share of a decent engineering company is a lot more than starting one up at least for the experienced professional with a good existing client base and some business skills.
The company I'm with right now is struggling with this problem as the major shareholders are all over 55. It will be interesting to see how this develop over the next 5 years.
RE: Succession Planning
RE: Succession Planning
Succession planning is not a high priority, it seems to me, from the companies i have worked for or with. Even with such predictables as retirement it seems to come as a shock to realise that Old Joe isn't there any more and that maybe they should've put someone to work with him for the last two years or so of his working life just to try and get some of that indispensible knowledge from him. But they didn't and so back he comes from retirement for a few months (if they admit the problem).