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    Succession Planning for the Back-Office

    Do you have a succession plan?

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    Imagine being on the leadership team and the Chief Financial Officer of your organization abruptly leaves. There’s no transition time. There’s no transfer of information. You are just left behind to pick up the pieces. How many months does that set you behind? How many months does that set the organization behind? It’s a mess and causes undue stress on you, your department, and the health of your organization.

    A proper succession plan could not have predicted this situation, but it would have given your organization a roadmap on where to go next.

    The purpose of succession planning is to have a plan in place when someone within your organization leaves. This could be a career change, retirement, or an immediate life altering situation. Most of the time you can’t predict what’s going to happen, so having a succession plan in place can help work through the chaos when something unexpected happens. Deloitte reports that while 86 percent of leaders believe leadership succession planning is an “urgent” or “important” priority, only 14 percent believe they do it well. Similar to buying accounting software, succession planning is a function that you only do a handful of times in your career. It is realistic to feel that you don’t do it well if you don’t do it often.

    In our eBook, we dig into succession planning steps to take and discuss why it is so important. We provide stories and statistical data to help you clearly understand the necessity of succession planning.

    In our business succession planning eBook, we cover the following topics:
    • The Purpose of Succession Planning
    • The Importance of Good Leadership
    • Culture Really Matters
    • What You Need to Know About Hiring Millennials
    • Hiring from Within
    • Succession Planning for the Back-Office
    • Post-COVID Succession Planning
    • Red Flags to Watch Out For
    • What’s Next?

    About Ken West

    Ken-2212_500_sq

    Ken West is a Principal in Baker Tilly's Digital practice. Prior to AcctTwo's combination with Baker Tilly, Ken was an executive at AcctTwo for nearly eight years, holding four positions: Chief Revenue Officer, Chief Financial Officer, Chief Operating Officer, and Board Member. He has deep experience in the technology sector, particularly in oil & gas. Ken was also a Senior Manager at PWC and is a Graduate from Texas A&M University.

    Download Business Succession Planning