You are the HR Director of a large manufacturing company that is approximately 50 years old. The company has reaped the benefits of a mostly tenured workforce, and many of the key workers are now approaching retirement age. It is anticipated that approximately 20% of the company’s workforce will retire in the next 3 to 5 years. You also are planning to retire within that period of time. To assist the company with the retirement transition process, you want to present a business case to the President for a succession plan for several key positions, including the Chief Financial Officer and Director of Operations. To develop an effective succession plan, visit www.score.org/article_succession_plan.html.
1. Identify the outside company advisors who should be included in the succession planning
process.
2. The successor employee for the replacement of the Director of Operations should have an
advanced level of work experience in what key essential functions?