Auma Actuators, Inc.
Auma Actuators, Inc.
Canonsburg, PA

Succession Planning

About 76 million baby boomers are set to retire by the end of the decade. That trend, combined with normal attrition rates and a tight labor market, means that it soon will be difficult to find an adequate number of qualified job candidates. Now is the time to implement a strategy for replacing these valuable, experienced employees. Succession planning establishes a process for recruiting employees, developing their skills, and preparing them for advancement, while retaining them to ensure a return on your training investment. Succession planning involves:

  • Understanding your organization's long-term goals.
  • Identifying your workforce's developmental needs.
  • Making predictions based on workforce trends.

Our comprehensive approach enables you to create a process for:

  • Identifying expected vacancies and determining critical positions.
  • Defining current and future competencies for critical positions.
  • Pinpointing gaps in current employee and candidate competencies.
  • Facilitating leadership transition and development.
  • Developing a succession management evaluation plan.

Benefits

Effective succession planning enables your company to:

  • Maintain productivity while meeting customer demands.
  • Ensure continuity of product and service quality.
  • Avoid excess hiring and training costs.
  • Improve your training ROI.