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Every company needs a good succession plan, but not just for its CEO. The best companies plan for replacing every key employee. That's even more true in the time of the great reshuffling going on in today's job market, with a record number of employees thinking of leaving their current jobs. Leadership development and succession planning is particularly important for employee ownership companies, which often have distinctive cultures requiring leaders to have not just the right set of traditional job skills but also an ability to work within and further develop highly participative management systems. Effective leaders in employee ownership companies are not "do this" leaders but rather people who can help others figure out how to take more responsibility for their own jobs.
This book, now in a revised and enlarged second edition, is a must for every employee ownership company. It provides hands-on, detailed guides from leading ESOP experts and companies on how to plan for succession at every level, how to create a career path for every employee in your company, how to ask the right questions when interviewing outside candidates, and how boards can manage executive succession successfully.
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