Succession Planning

In a recent survey conducted among 1400 CFOs nationally by Robert Half Management Resources, “most” said they have not identified their successor. The primary reason given was they had no plans to leave their current position. Unfortunately, even the best–laid plans go astray.

Paul McDonald, executive director of Robert Half Management Resources says, "Executives should plan for all contingencies, even if they have every intention of staying in their current role. Change – planned or otherwise – is a fact of life and companies that are prepared are better equipped to maintain productivity during times of transition." 

And I agree. Current statistics indicate that a CFO will leave a position every 18 months to five years, with three years being the average. Planning your next move puts you in the driver’s seat. You can either act, or be acted upon.

Grooming your replacement is good for the company, but it is also a huge feather in your cap. Since 74% of your competition indicates they are not planning to leave and have not made provisions for leaving, succession planning is a huge market differentiator and one that is valuable to your next employer.

LYNNE WAYMON, Co-Author of Make Your Contacts Count

Would you like to become the natural and only choice when opportunity arises?  Networking is the career tool that will help you do just that.  Learn how to create, cultivate, and capitalize on relationships that will ensure you give the most value to your employer and the greatest boost to your career.

Lynne Waymon, author of “Make Your Contacts Count,” will show you how to make great connections – even if you’ve always said, "I hate networking!" Lynne will show you the 6 stages of relationship building and what to do and say at each stage to build a more trusting relationship.  She’ll show how to network strategically without wasting your time and your money.  She’ll show you the three key moments in networking and how to use conversation to teach people what you’re good at, what to come to your for, what to count on you for – – without bragging!   

Whether you’re looking for a new job or just want to excel in the one you’ve got, join us for an hour on June 19 at 4:00 p.m. Eastern and gain the tools to make networking an art … not an accident!

If you are a member of the CFO–Career–Forum, log in and register. If you are not a member of the CFO–Career–Forum but want to join the call? Register here! The call will be recorded so you can listen at your convenience, but you must register in advance.