Succession Planning – Are YOU Covered?

Posted on Tuesday, August 22nd, 2006 by

Reports that the markets were left reeling after the death of David Walton, a member of the Bank of England’s Monetary Policy Committee at the age of just 43, illustrate the difference that one person can make to an organisation. Losing any talented member of staff can be devastating to a business, whether their removal comes about through ill health or resignation and it’s vital that businesses have a robust succession plan in place. However, according to Suzannah, succession planning is the number one area which businesses consistently fail to address correctly, if at all. “Precious few companies do it properly. As a result, HR departments are forced to make knee-jerk reactions, increasing the likelihood of making bad decisions (potentially costing the company a lot of money) and missing out on the best people for the job.” In response, Chapple offers an executive talent tracking service, so organisations can anticipate and respond to any changes quickly and effectively and minimise their chances of being left deprived of important people. “By cultivating a long-term relationship with our clients, and developing a three year plan together, we are able to respond quickly and provide the right talent – people we may have had in mind for the role for several years – when needed.” If you’d like more information about Chapple’s Talent Tracking service, or would like to discuss your long-term recruitment requirements, call us on 020 7384 3092 or e-mail us at