Post on 18-Jan-2017
Succession PlanningBy
Sreejith Sreeenivasan
• Succession Planning is a process of identifying, developing and transitioning potential successors for the companies present and future key roles, aligned with the talent and ambitions of its current employees and talent network.
Succession planning is about filling the organization's talent pipeline and building internal bench strength.
It is about leveraging the talent that the organization already possesses by developing it to full potential.
The focus is on developing employees so that the organization has a pool of qualified candidates who are ready to compete for key positions and areas when they become vacant.
OBJECTIVES OF SUCCESSION PLANNING
Succession planning starts when you can accurately measure the performance of employees, assess skills and career growth information.
Succession planning tools need to have extensive integration and customization options to support all of your talent management efforts.
Refer to the software criteria and requirements
SUCCESSION PLANNING TOOLS
Succession Planning Grid
High Leadership Potential/ Low Performance
High Leadership Potential/High Performance
Low Leadership Potential/ Low Performance
Low Leadership Potential/High PerformanceLe
ader
ship
Pot
entia
l
Current Performance
Succession planning should be a proactive process geared to meeting individual employees’ and the organization’s needs.
It should allow staff the opportunity to gain experience and training in different areas before they are needed in critical positions.
This may have the added benefit of keeping employees challenged and stimulated, which may foster retention while employees wait for openings.
The commitment of employees to their own development.
The personal involvement of senior leaders, as well as their personal accountability and responsibility for growing leaders.
CRITICAL SUCCESS FACTORS FOR SUCCESSION PLANNING – BEST
PRACTICE PRINCIPLES
Traits of an Organization
Leader
Diversity & Inclusion
Emotional Intelligence
Leadership & Performance
Potential
Global Perspective
A Society Grows Great When Old
Man Plant Trees
Whose Shade They Know They Will Never Sit ON
-Greek Proverb
Thank You