1 CPE 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:
7 CoursesManaging Your Career
- Why You Need to Compete in Your Career
- What is The Road Map to Career Success?
- Target Your Next Job: How to Develop Your Personal Marketing Plan
- Building A Great Corporate Resume
- Interview Essentials and Resume Writing Course
- Job Interview Skills Training
- 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: August 27, 2023
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34 Reviews (149 ratings)
Reviews
Anonymous
(Senior Accountant)
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.
Anonymous
(Controller)
This course was inspiring as it made me think about how my successor's success would reflect on my own legacy. It is important to put pride aside and allow someone smarter than I am to take over and give fresh ideas.
Lynette Ritchie
( at Terra Dynamics Inc)
A bit lengthy but full of good structure in moving on with the succession process. Would like to pass this information along to others on the team before selecting my successor.
Anonymous
(Controller)
Great course, I thought it was for owner sucession not job succession but it was very informative and it is something that is useful when I will need to step aside in the future.
Lisa Gorham
(Senior Director AP at Charter Communications)
Great insight provided. Good advice on expectations and hiring the person that is smarter than you. Functional teams input is another take away I didn't think of initially.
Anonymous
(Director)
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.
Anonymous
(Vice President of Technical Accounting)
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.
Cheryl Husmann
( at Smiling Aviation, Inc.)
The emphasis in this course is more on finding the correct candidate than grooming one, but the steps given are clear and useful in that context.
Anonymous
(Corporate Controller)
Very well organized and presented in a way that can be used immediately. I think Mac did an excellent job with the flow and the presentation.
Anonymous
(Controller)
Interesting points on succession, makes you step back and evaluate your current situation. Templates provided will be useful.
Anonymous
(Sr Director Consolidation)
Very good ideas to think about and like the exercises that are part of it that get you thinking about your own situation
Jim Stanislav
(CFO at History and Heraldry)
Liked the active work throughout and the personal experiences.
Surprised at the importance of cross-functional teams.
Anonymous
(Consultant)
The instructor brings up some interest points on succession planning and how to view it from a different perspective.
Anonymous
(CFO)
This course offers an excellent roadmap for how to think wisely and programmatically through the transition process.
Anonymous
(Accounting Manager)
course is interesting and is how things should probably be, but in the real world most often then not, it isn't
Michelle Adams
(CFO at SeaWorld Entertainment)
Great reminder for professionals to think ahead for succession planning and practical steps to move forward.
Anonymous
(CFO)
This course was well developed and well presented and included real world insights shared by the presenter.
Anonymous
()
Succession Planning is critical in a dynamic environment. This is a great structure for me.
Debbie Banks
( at Banks Accountancy LLC)
I was expecting succession planning for a business owner, but this was an interesting topic.
Kevin Murray
(Business Partner - Strategic Projects at The Wesson Group)
A high level outline of what you need to do in planning your own successor.
Michael Muchortow
(CPA at Muchortow & Associates)
Helpful resources and aids to go through the succession planning process
Anonymous
(VP, Head of Accounting & Fin..)
Great introduction to succession planning. Good points and presentation
Irene Math
(CFO at The National September 11 Memorial )
It would be helpful to see which question I got wrong on final exam.
Anonymous
(-)
Interesting course with detailed examples that were very helpful
Anonymous
(Auditor)
Was a great course, I wish more people would use this approach.
Anonymous
()
Course fully met objectives. Well put together and presented.
Anonymous
(Director, Compliance and Insurance)
Excellent concepts to consider for leaders at all levels.
Anonymous
(Board Member)
Very practical steps to follow in planning for succession!
Anonymous
(Controller)
Good explanation of steps to prepare a succession plan.
Cheryl Somers
(- at -)
Picked up a couple of new concepts, but mainly review.
S Marie Vernon
(- at --)
Great course.
Anonymous
()
Nice review
Anonymous
(Accountant II)
Solid.
Erin Milroth
(Assistant Controller at -Edifice, Inc.)
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
.
Mac MartirossianBoard Member
About Illumeo
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