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Workforce Development News


Free Webinar - Succession Planning February 9, 2021

Tuesday, February 9, 2021
10:00 - 11:00 a.m. CST

Succession planning is a crucial part of ensuring your company’s longevity and security. If you set a comprehensive plan in place early on, your organization can navigate leadership transitions and other unexpected events with ease. A successful succession plan involves several essential steps, including identifying key positions, choosing qualified candidates, and training promising employees.

Presented by Steve Puryear, CPA

DATE:
Tuesday, February 9, 2021
TIME:
10:00 - 11:00 a.m. CST
LOCATION:
Your Desk
Login details are provided when you register below.
COST:
FREE! There is no cost to participate in the webinar, but registration is required
REGISTRATION:
To register, click here.

Does my company need a succession plan?

Every business owner with a successful, profitable company needs a succession plan. A succession plan is a necessary step for ensuring that your business continues to thrive even in the event of loss of leadership. A succession plan can help you prepare for the future, avoid miscommunication, and make sure that your company upholds the values and goals that were set when it first began. If you are concerned with how your business would be impacted by an untimely illness or death, formulate and implement a succession plan.

When should I create a succession plan?

You can create a succession plan at any time, but it is generally a good idea to write one as soon as possible. Succession plans are primarily used to lessen the negative consequences of unexpected events, so the earlier you write them, the more beneficial they can be.

When drafting a plan, many organizations allow for two categories of events: death/accident and retirement. Death/accident plans are reserved for worst-case scenarios and should be finalized well-before they are needed. Retirement succession plans are usually executed gradually over a long period of time and often focus on a predetermined date, set several years in the future.

Mississippi State University CAVS-E Facility

153 Mississippi Parkway

Canton, MS 39046

Contact Us:
Jill Sellers 601-407-2746

 

jsellers@cavse.msstate.edu

www.cavse.msstate.edu

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