The future influences the present just as much as the past.
An effective succession plan requires the analysis of the current and future situation, not only of the business but also the individual owners.
To continue the analysis process, we look at #4 of 10 key issues, as it will certainly affect your future.
Much is written about Generation Y and their different work and life values to “Baby Boomers” and even Generation X.
Therefore, it is important to introduce a sense of value in employees to encourage them to grow the business, with the view of them emerging as potential successors.
They desire incentives and rewards as performance encouragement. An effective way of addressing both rewards and succession is through the introduction of a Staff Incentive Scheme.
Call our friendly Business Solutions team in Gatton to have an exploratory discussion on 07 5462 2277.