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One of the reasons why talented financial professionals do not advance within their organizations is because there is no one to succeed them. Effective Succession Planning mandates a proactive, deliberate process in developing a path to identifying a qualified successor to take over responsibilities.

This course offers a step-by-step process in developing a strategy for an effective transfer of responsibilities, well in advance of a promotion, to enable a seamless transition. The thorough completion of the exercises will ensure that the participant has a jump start in this process, and the promise of a bright future for the successor.

Course Series

This course is included in the following series:

8 CoursesManaging Your Career

  1. Why You Need to Compete in Your Career
  2. What is The Road Map to Career Success?
  3. Target Your Next Job: How to Develop Your Personal Marketing Plan
  4. Building A Great Corporate Resume
  5. Interview Essentials and Resume Writing Course
  6. Job Interview Skills Training
  7. Insider Secrets For How You Attract And Keep Recruiters Coming Back To Your Linkedin Profile
  8. Succession Planning

Learning Objectives

  • Recognize the importance of planning for succession
  • Explore how to address the objections to proceeding with the mission
  • Explore how to develop a seven step process to accomplish the mission
Last updated/reviewed: July 23, 2017

14 Reviews (52 ratings)Reviews

4
Anonymous Author
Covered some interesting points about planning for your replacement. Wish we had known this sooner as my boss could have used this as we planned for me to replace her at retirement. Now we are facing an Executive Director that doesn't believe in this process and maybe if we had used this we would have had more leverage in the succession process. He does not like to have anyone tell him what is best, it has to be his idea.
4
Anonymous Author
The facilitator is good. The topics are summarized and well presented. There is a lot of valuable inputs that everyone cam apply to achieve a succesful succession planning.
4
Member's Profile
Very helpful that templates to be used in actual process were included. Would have rated as 5-stars as not clear that all exam questions covered, even after re-listening.
5
Member's Profile
Liked the active work throughout and the personal experiences. Surprised at the importance of cross-functional teams.
4
Anonymous Author
The instructor brings up some interest points on succession planning and how to view it from a different perspective.
Member's Profile
A high level outline of what you need to do in planning your own successor.
4
Member's Profile
It would be helpful to see which question I got wrong on final exam.
5
Anonymous Author
Excellent concepts to consider for leaders at all levels.
5
Anonymous Author
Very practical steps to follow in planning for succession!
3
Member's Profile
Picked up a couple of new concepts, but mainly review.
4
Member's Profile
Great course.
4
Anonymous Author
Nice review
5
Anonymous Author
Solid.
4
Member's Profile
none

Prerequisites

Course Complexity: Intermediate

Prerequisite: Finance leadership experience

 

Advanced Preparation: None

 

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
Succession Planning
  11:41Succession Planning Defined
  10:20Succession Planning Steps: 1 - 3
  13:04Step 4: Scrub Applicants
  3:02Step 5: Offer Package
CONCLUSION
  10:46Step 6: Orientation and Conclusion
Continuous Play
  49:41Succession Planning
SUPPORTING MATERIALS
  PDFSlides: Succession Planning
  PDFSuccession Planning Glossary/Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM