Business Succession

This online course, Business Succession Planning for HR Professionals, is designed to equip HR practitioners with practical strategies and tools aligned with Human Resources Certification Institute (HRCI) exam outlines to...

1.75 Credits
12 Lessons

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Course Overview

This online course, Business Succession Planning for HR Professionals, is designed to equip HR practitioners with practical strategies and tools aligned with Human Resources Certification Institute (HRCI) exam outlines to identify, develop, and transition future organizational leaders. By focusing on real-world applications of succession planning‚Äîincluding assessing talent needs, ensuring leadership continuity, and addressing legal and financial complexities‚ participants will learn to define fundamental principles of succession planning; describe methods for identifying and assessing high-potential employees; explain key legal, financial, and ethical considerations in leadership transitions; apply best practices for talent development, mentoring, and coaching; analyze communication strategies that foster transparency among stakeholders; implement frameworks for ongoing evaluation and refinement; and evaluate practical case studies to enhance decision-making and leadership continuity. Through targeted lectures, case studies, and interactive knowledge checks, learners will develop the knowledge, skills, and practical changes needed to maintain organizational resilience and sustain growth.

Course Curriculum

12 lessons
1Module 1: Introduction to Business Succession Planning5 topics
  • Introduction to Business Succession Planning
  • What is Business Succession Planning?
  • Importance of Succession Planning
  • Succession Planning Statistics
  • Course Objectives
2Module 2: Creating a Succession Planning Strategy5 topics
  • Introduction to Creating a Succession Planning Strategy
  • Key Elements of a Strategy
  • Identifying Business Needs
  • Setting Clear Goals
  • Developing a Timeline
3Module 3: Identifying Successor Candidates5 topics
  • Introduction to Identifying Successor Candidates
  • Internal vs External Candidates
  • Leadership Qualities to Look For
  • Tools for Identifying Candidates
  • Discussing Potential Candidates
4Module 4: Developing Successor Talent5 topics
  • Introduction to Developing Successor Talent
  • Importance of Development Programs
  • Training Plans and Resources
  • Mentoring and Coaching
  • Continuous Learning & Development
5Module 5: Legal Considerations in Succession Planning5 topics
  • Introduction to Legal Considerations in Succession Planning
  • Key Legal Aspects
  • Employment Laws
  • Contracts and Agreements
  • Legal Risks and Mitigation
6Module 6: Financial Planning for Succession5 topics
  • Introduction to Financial Planning for Succession
  • Assessing Financial Resources
  • Funding Succession Decisions
  • Valuation of Business
  • Tax Implications
7Module 7: Communication Strategies5 topics
  • Introduction to Communication Strategies
  • Importance of Communication
  • Stakeholder Engagement
  • Preparing Communication Plans
  • Managing Expectations
8Module 8: Managing Talent Transition5 topics
  • Introduction to Managing Talent Transition
  • Transition Timelines
  • Onboarding Successors
  • Knowledge Transfer Methods
  • Monitoring Progress
9Module 9: Crisis Management and Succession Planning5 topics
  • Introduction to Crisis Management and Succession Planning
  • Importance of Contingency Plans
  • Developing a Crisis Management Plan
  • Succession Planning in Crisis
  • Case Studies
10Module 10: Family-Owned Business Considerations5 topics
  • Introduction to Family-Owned Business Considerations
  • Unique Challenges
  • Balancing Family Dynamics
  • Preparing the Next Generation
  • Governance Structures
11Module 11: Technology in Succession Planning5 topics
  • Introduction to Technology in Succession Planning
  • Role of Technology
  • Tools and Software
  • Data Analytics in Planning
  • Future Trends
12Module 12: Evaluating and Updating Succession Plans5 topics
  • Introduction to Evaluating and Updating Succession Plans
  • Importance of Ongoing Reviews
  • Methods for Evaluation
  • Updating Plans Based on Feedback
  • Continuous Improvement

What You'll Learn

  • Comprehensive coverage of key HR concepts
  • Practical applications and real-world scenarios
  • Best practices and compliance requirements

Course Completion Award

Certificate of Completion

Downloadable PDF certificate

Categories

Business

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