The smartest CEOs and business owners know that planning for the future leadership of the organization needs to be a top-of-mind priority. And yet, more than 25 percent of companies don’t have a succession plan. In time of global business competition, rapid change, and skill shortages, it is more important than ever to build a succession plan that is smart and sustainable.
Indispensable for the CEO and small business owner as well as the learning and development and human resources professional, Passing the Torch presents stories from the boardroom to the family-owned bakery, and from the car dealership to the beach resort hotel. This is a book for all with a stake in maintaining the livelihood of a business, and contains templates to guide you through the seven steps of the succession planning life cycle.
Authored by talent development experts Wanda Piña-Ramírez and Norma Dávila, this workbook highlights the importance of knowledge transfer, something that many organizations identify as a major worry as baby boomers are positioned to retire in great numbers.
In this book, readers will learn:
• why all companies, regardless of industry or size, must create a succession plan
• how to create a business case to guide your company through the succession planning life cycle
• how to identify key positions and retain key people in your company.
Elaine Biech, one of the most highly regarded talent development experts in the industry says, “Wanda and Norma have tackled a topic that few corporations have addressed successfully… and they’ve scored a victory. Passing the Torch presents a winning game plan that includes a practical approach, functional examples, and sound advice to succession planning. This book will put your company in the winner’s circle.”
For more information, and to purchase the book, visit www.td.org/torch.
About the authors
Norma Dávila has dedicated her career to developing others in diverse industries. She is a hands-on consultant in organizational development and training who designs and implements change management and capacity building strategies. Norma provides outplacement support, designs employee handbooks, and challenges operational processes among other services. Her consulting practice also includes leadership development and talent management programs. Norma is certified as Project Management Professional (PMP), and Senior Professional in Human Resources (SPHR). She earned her bachelor’s degree in psychology at Yale University and her master’s and doctoral degrees in psychology at the University of Chicago.
Wanda Piña-Ramírez is an enthusiastic advocate of selecting and developing talent for business success, and has held various roles in many industries and with government. Wanda is certified as a Coach (CCC) from the University of Puerto Rico at Río Piedras, as a Practitioner in Neurolinguistic Programming and Applied Kinesiology by the International NLP Trainers Association, and as a Human Resources Administrator by the Escuela Avanzada de Administración de Recursos Humanos y Legislación Laboral de Puerto Rico. She serves as an advisory board member of the School of Business Administration of the University of Puerto Rico at Bayamón.
