Succession planning in light of the Financial Services Charter

By Sixth Sense Syndicate

October 2004

FSC HUMAN RESOURCE TARGETS

Target 2008 Target 2014

Black people as a percentage of Senior management

Min 20% to 25%

 

Black women as a percentage of Senior management

4% 33% of black target

Black people as a percentage of Middle management

Min 30%  

Black Women as a percentage of Middle management

Min 10% 33% of Black target

Black people as a percentage of Junior Management

Min 40% to 50%

 

Black women as a percentage of Junior management

Min 15% 33% of Black target

Challenges

Must be acceptable to all Skills come at a premium Perception of lack of skill

So what are other countries doing?

What are we currently doing in SA?

Top management perceptions

Personal implications Implications for the team and company Other implications View on succession planning Industry related forums

Criteria

Resource identification Skills development Strategic alignment Implementation and measurement Cultural diversification Address the challenges

Threats

Lip service Culture Measurements not in place Scarce resources Lack of buy-in

Last but not least

Roll out plan Financial aspect Competitive advantage

Questions