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The simple guide to succession planning for financial services part 1
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Whitepaper

The simple guide to succession planning for financial services part 1

Succession planning – the process of identifying, selecting, and grooming talent for future roles – is critical to protecting your company’s goals. It’s really a no-brainer: finding and developing leaders with specific competencies ensures you’re always prepared for expected and unexpected vacancies by having a diverse talent pool of ready-to-go successors. This is imperative, as the Financial Services (FS) sector is facing major talent challenges: an aging workforce, Millenials who are attracted to other fields, and hiring teams who lack visibility into their own employees’ skills and aspirations. Plus, smart succession planning gives you a competitive advantage, as it takes you beyond simply replacing employees and establishes a strategy to create qualified talent that is ready to lead your organization into the future.Succession planning – the process of identifying, selecting, and grooming talent for future roles – is critical to protecting your company’s goals. It’s really a no-brainer: finding and developing leaders with specific competencies ensures you’re always prepared for expected and unexpected vacancies by having a diverse talent pool of ready-to-go successors. This is imperative, as the Financial Services (FS) sector is facing major talent challenges: an aging workforce, Millenials who are attracted to other fields, and hiring teams who lack visibility into their own employees’ skills and aspirations. Plus, smart succession planning gives you a competitive advantage, as it takes you beyond simply replacing employees and establishes a strategy to create qualified talent that is ready to lead your organization into the future.

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