Succession Planning Tips for Builders

Dan Blank -- Expert Business Source, 8/13/2007 1:56:00 PM

Professional Builder looks at how succession planning can prepare your company for significant changes: 

“All too often, succession planning is considered only for the president or CEO, but front-line and functional managers also need to dedicate time and energy to developing their people…”

“To think that people are going to be with you forever is just an absurd expectation… Whether it's a superintendent or a salesperson, or an executive or a controller or a CEO [leaving], those things happen, and we have to look at it as being an opportunity for other people to step up and grow and learn to do more."

The articles includes expert advice on approaching succession planning in a manageable way. It also included this nugget: 8 Reasons Why Managers Leave: 

1. Insufficient compensation
2. No opportunity for bonuses and other short-term rewards
3. No control over work schedule and location
4. Lack of opportunity to expand technical expertise and "soft" skills (leadership, mentoring, etc.)
5. Dislike or lack of respect for immediate supervisor
6. Dissatisfaction with current responsibilities or lack of desire to take on other responsibilities
7. Concern about long-term viability of position
8. Shift in values between manager and organization

Read more at Professional Builder.