Skating On Thin ice

Contingency Planning to Replace Top Performers
By Jeremy Miller, LEAPJob

Business leaders have well defined plans for developing their corporate culture and growing their people assets. Yet it is just as important to develop a strategy for replacing key talent.

Since 2001, it has been an employer's market. Business leaders have learned to do more with less by focusing on top performers who can grow the business. Concurrently, management has reined in recruiting costs to further improve the bottom line and has squeezed costs by keeping salaries, benefits and bonuses under tight control.