Being able to replace key employees is the focus of succession planning in nonprofits. Succession planning is a strategic approach to ensure that necessary talent and skills are available when needed – and that essential knowledge and abilities are maintained when key employees leave. Nonprofits have an increased sense of urgency about succession planning, retirements, and other demographic and labor market trends. Nonprofits will be better positioned to compete successfully by implementing a succession plan to close the gaps. Participants will review a succession readiness checklist to determine the proper steps for developing a plan for their organizations.
Key Learning Objectives: