Managing key person risk

January 15, 2019

Most companies have employees with valuable skills and industry knowledge. Relying exclusively on these individuals creates risk. Profits, productivity, image and employee confidence all can suffer when a key person leaves an organization. Key people work in all levels of organizations. Identifying them and having a plan for unexpected departure can help ease the risk.

Businesses can take four steps to avoid workplace disruption if a key person departs.

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