As the year draws to a close, it comes the time when many people consider cutting ties and starting afresh in the New Year.  This thinking may be influenced by ageing, illness, altering family commitments or simply a change of motivation.  When a Senior Partner departs, they leave a large hole in your business.  So how do you go about finding someone who will be able to successfully step into those big shoes?   Plan In Advance When there is a lack of succession planning in a business, it can become vulnerable when a partner leaves at short notice. Annual assessments of all employees at all levels is sound practice; monitoring progress versus objectives.  A major objective should be for every supervisor, manager or lead to find a replacement ready now and making any salary review or bonus contingent upon significant progress in this regard.  This sound practice not only solves the succession issue but also avoids the over dependence on any one individual.  It also provides … [Read more...]