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AcctTwo Blog

The Importance of Good Church Leadership Succession Planning

Good leadership matters. As an organization, your emotional intelligence is vital to the church leadership succession planning process. People work for people. “People are definitely a company’s greatest asset,” says Mary Kay Ash, CEO of Mary Kay cosmetics. “It doesn’t make any difference whether the product is cars or cosmetics. A company is only as good as the people it keeps.” I think back to every organization that I’ve ever been in or a part of and that sentiment is so true. People are so important. Relationships with people are what bind us, especially in faith-based organizations when our focus is on the good work we do with people and spreading the word of the Lord. Faith-based employees are stewards of the organization, no matter which role they are in.

According to Neal Joseph in Outcomes Magazine, “Leadership challenges now require an extra something that is often intangible. We tend to hire people to solve ‘technical’ problems in our organizations, when in fact many organizational issues that result from working in a post-modern cultural context require adaptive, not technical leadership.”

Topics: back office Faith-Based succession Planning

The Purpose of Succession Planning

The purpose of succession planning is to have a plan in place when someone within your organization leaves. This could be a career change, retirement, or an immediate life altering situation. Most of the time you can’t predict what’s going to happen, so having a succession plan in place can help work through the chaos when something unexpected happens. Deloitte reports that while 86 percent of leaders believe leadership succession planning is an “urgent” or “important” priority, only 14 percent believe they do it well. Similar to buying accounting software, succession planning is a function that you only do a handful of times in your career. It is realistic to feel that you don’t do it well if you don’t do it often.

Topics: back office Faith-Based succession Planning

Nonprofit Succession Planning Best Practices Plan for Success

Nonprofit Succession Planning Best Practices - If You Fail to Plan, You Plan to Fail

A few months ago we started researching nonprofit succession planning and how that impacts the faith-based back-office. Being in the finance and accounting world, we've seen some great examples and some not so great examples of succession planning for finance and accounting professionals. This led to months of research that turned into many conversations with succession planning experts and members of our own team who have lived it. It became a passion project for many of us. We even published an eBook about it! What became clear was, in order to be successful, you need to plan for success.

If You Fail to Plan, You Plan to Fail is the first section of the eBook. Over the next couple of months, we will release more sections on our blog. We hope you enjoy it as much as we did creating it.

Topics: back office Faith-Based succession Planning