Succession Planning – Hot or not?

I must confess that I am in doubt here. My HR heart can very easily understand the benefits for companies in having a structured Succession Planning Process. I see Succession Planning as a strategy for passing each key leadership role within a company to someone else in such a way that the company continues to operate after the incumbent leader is no longer in control. Succession planning ensures that businesses continue to run smoothly after the business’s most important people move on to new opportunities, retire or pass away. Therefore, it makes sense.

How does your company’s Talent Management Strategy development process compare?

You would expect that today all companies would see the importance of having a Talent Management strategy yet Jeffrey Joerres, former leader of Manpower, commented in a recent interview in Harvard Business Review, “Nevertheless, companies routinely fail to put in place a workforce strategy that supports their business strategy. Most have done a pretty good job of looking out three years, maybe five, but they don’t then marry that up with the skills they’re going to need.” Talent management can be understood as a set of integrated organizational workforce processes designed to attract, develop, motivate and retain productive, engaged employees. The goal of talent management is to create a high-performance, sustainable organization that meets its strategic and operational goals and objectives consistently going forward.

Retaining and Developing Talent

Developing Talent

We have a solid track record in providing valuable development and learning experiences for high potential and talented young and not so young managers. We use a variety of methodologies depending on what fits for the particular organisation. Some form of objectives feedback theorugh either a development centre or 360° feedback tool is valuable as this particular group benefit significantly from getting feedback. Being younger they will not have been as exposed to experience and feedback as older managers.