The finance director is the only person who can close the city's books, and year-end is one cycle away. A five-year succession slide already exists. What should HR put in the succession plan now?
Select an answer to reveal the explanation.
Short Explanation
A five-year slide does not close the books next month. Single points of failure need a backup in this cycle, not a pretty deck. Cross-train someone now.
Full Explanation
Succession for business continuity includes near-term actions when a key role is a single point of failure. Year-end close that only one finance director can perform requires cross-training a second person in the current cycle. A long-range slide, a vacant extra title, or waiting until after close does not create a backup when the risk is this period. SPHR succession plans mix immediate continuity work with longer talent pipelines.