Doesn’t everyone have a succession plan in place?

As I talk to small businesses or I teach a class that has an HR representative from a small or midsize company we stumble a bit when we get to the subject of succession plans. Many understand the concept but have never dealt with the subject at work. In fact, most of these businesses don’t have a replacement plan in place. The problem with these plans, especially succession plans, is that they are perceived as being a “big” company issue. They are also perceived as being an HR issue. Both of these could not be further from the truth.

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