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Succession PlanningSuccession Planning:
Simply stated, succession planningis a process of developing
talent to meet the needs of the organization now and in the
future.
Need:
Organizational leaders need to think about aligning their
staffingand leadership needs with the organizations future
strategic
objectives.
Components of Succession planning :
Identifying present and future competency reuired.
!ay to measure it
"ethods to asses potential
#arrowing gaps
$valuating results.
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Board Participation: Ensuring the
involvement & active participation of the boardwhich do not
perceive the lack of leadershipdevelopment as a threat to the
companysfuture.
Lack Of complete System : Standalone adhoc activities carried
out by !" departmentsfail to bring about the importance of
thisprocess.
Underlying Fear : #ack of succession planningdue to $nherent
fears and underlying defensemechanism in senior management.
Convince Top Management : %icult to
convince the senior management aboutbene'ts of (alent
)anagement.
Challenges in instittionali!ing talentmanagement
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"dentifyingand propagating the right
vales for the right position at the righttime.
#ligning : *ligning succession plan to theorgani+ations
strategic plan.
$e%ning it as an &' pro(lem : Peopleconceive (alent
management as !"problem not as a responsibility shared bythe ,oard
of %irectors- senior leadership
team. (o #lign program with eisting and future
organi+ational culture
/ot Establishing confused or overly
ambitious goals)
Challenges in instittionali!ing talentmanagement
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+mployee 'otation: Convincing unit
heads to encourage to part with their risingstars in order to
help them ac0uire eposureto the various functions of the
business.
Conveying Signi%cance : Ensure
employees understand the motive andsigni'cance of 1ob rotation
and not consider ita threat to their position.
Ensuring the leadership development systemreinforce the
perception you want peopleto have about the company.
Ensure the employees consider theleadership programs
legitimate& believethe candidates chosen for a position are
truly
0uali'ed
a enges n nst tt ona ! ng ta entmanagement
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(!*/3S44.
