Business cycles are too short and important to be operating the people side of business by status quo.
A sad routine for any company is losing significant and dedicated people who were destined for permanency. During the exit interview they were leaving for logical reasons… but truthfully they left with hopeless, determining that nothing will change or improve.
The dedicated workforce known by past generations is historic… while today; when workers are not satisfied they leave.
Additionally, a global labor force is reaching retirement creating vacancies and a priceless loss of production knowledge.
When business is slow, boards, investors, owners and management go into panic mode. When business is strong, no one has the time because leadership is distracted by growth.
So where does succession planning and mentoring come into the strategic plan?
“If you are not willing to risk the unusual, you will have to settle for the ordinary.”
-Jim Rolm