PCPS releases Succession Planning white paper, steps to help firms meet succession needs.Despite the fact that many CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. firm owners are reaching retirement. 81% of firms in a recent Private Company Practice Section survey do not have a documented succession plan. To help firms with this pressing concern, PCPS PCPS Primary Care and Population Sciences PCPS Partners for Child Passenger Safety PCPS Pleasant Corners Public School (Canada) PCPS Plymouth Counselling and Psychotherapy Service (UK) has rolled out an extensive product line to help practitioners navigate the succession planning Management Succession Planning In organizational development, succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation, to replace key players — such as the chief executive officer (CEO) — landscape, including the most recent addition--a white paper entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: Preparing for Transition: The State of Succession Planning and How to Handle the Process in Your Firm. The white paper summarizes the results of the 2004 PCPS Succession Planning survey, which included nearly 500 CPA firm respondents. It offers practitioners insight into how other firms handle succession planning and provides an opportunity to benchmark their efforts against those of their peers. The white paper is available for free on the PCPS Website, www.aicpa.org/pcps, under the Resources tab. You also may visit pcps.aicpa.org/Resources/Succession+Planning. |
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