Hays: Succession Planning - Not Only for the "Big End of To
Hays: Succession Planning - Not Only for the "Big End of Town"
Tokyo, May 22, 2013 - (ACN Newswire) - Succession planning is something that all businesses should be thinking about. However, it's the SME sector which is failing to prepare for the future as other priorities always seem to jostle to the front. Lining up the next generation of leaders to run an organisation can ensure that a company continues to thrive but many SMEs are failing to focus on this business critical issue.
Many SMEs point to the lack of financial resources to tackle non immediate concerns like succession planning, as well as the burden of extra work and the lack of a dedicated people management resource. In fact, the cost of losing someone in a key role is significantly magnified in a smaller company environment and managing this risk is a worthwhile exercise.
The latest Hays Journal explores the business risks and how an unexpected departure can take on a more significant impact the smaller the workforce.
Succession planning in a smaller business may in fact be even more critical than in large businesses as the impact of a leaver could be significantly greater on the overall company. Equally, the ability to 'cover' gaps in responsibilities and knowledge left behind may be more challenging with a smaller resource pool to draw from. It does not necessarily need to be a complex process. It can be as simple as dedicating time to the issue, asking the right questions and then following through. One of the biggest mistakes would be to think that it will never happen.
To access the Hays Journal please visit: www.hays-journal.com .
Hays, the world's leading recruiting experts in qualified, professional and skilled people.
Hays is the leading global specialist recruiting group. We are the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in Asia Pacific and the UK and one of the market leaders in Continental Europe and Latin America. We operate across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments.
Hays employs 7,800 staff operating from 245 offices in 33 countries across 20 specialisms. For the year ended 30 June 2012, Hays reported net fees of GBP 734 million and operating profit (pre-exceptional items) of GBP 128 million. Hays placed around 55,000 candidates into permanent jobs and around 182,000 people into temporary assignments. 33% of Group net fees were generated in Asia Pacific.
Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA.
Keiko Asakura Hays Japan Marketing Manager +81-3-3560-1188 firstname.lastname@example.org
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