http://en.wikipedia.org/wiki/Succession_planning
It's a big, big deal where I work. Makes me very nervous. My employer has spent and will continue to spend hundreds of thousands of dollars recruiting recent college grads with very high GPAs. They are hired at hourly wages and get full benefits. They are supposed to shadow us veteran employees so we can show them what makes us successful. I am training my replacement but I am nowhere near ready to be replaced. I've had discussions with my co-workers about this and the general consensus is, these young guns make us fearful to take risks. No risk, no reward. Not exactly a good business strategy.
Anyone else training their replacement? Whatever happened to retention planning? It's not what you did for me yesterday but what you're going to do for me today that really counts. Times like this make me wish I had started my own biz.