Planning for succession: Why planning for tomorrow brings benefits today

Staff retention and growth potential

clock • 5 min read

Ralph Mitchison takes an in-depth look at succession planning in financial services and urges advice business owners to review their strategies sooner rather than later

In a competitive jobs market, professional services firms need a clear and effective succession plan to keep talented workers challenged and motivated, and give them a sense of progression. This has become even more important during the pandemic as employees re-evaluate their careers and pursue greater work/life balance. Promoting the best talent is key to the ongoing success of any business, especially those delivering high-value services, such as consultancy or financial advice. After all, the quality of the services provided by the business is wholly dependent on the quality of the st...

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