Have a succession strategy for when a key employee leaves
- September 29, 2022 |
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Lee Michael Katz
Identifying, developing internal staff who can fill in, and possibly take on a higher-level role permanently, will also help retentionCEOs Natasha Rankin and Gary LaBranche both recently sought to fill key vice president positions in a tight labor market. Their solution was to turn inward.Risk and Insurance Management Society leader LaBranche had already begun an outside search. But he came back to a conversation he had with his director of certification at RIMS."I thought highly of her logic and her business acumen … and she seemed very much aligned with what we wanted to achieve," LaBranche said. The search was over.Related content: Transition documents help with passing… Read More
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