Winning the Succession Challenge

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Winning the Succession Challenge

  1. 1. Thomas Nancoo & Game Changers Consultancy Group HRMATT’s 9th Biennial Conference Hilton Trinidad & Conference Center 14/May/2013
  2. 2. Succession Planning Is the process of creating systems that outfits organisational stake-holders positions with the most suitable candidates. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 2
  3. 3. Succession Planning Is the process of systematically outfitting stake-holder positions with the most suitable candidate. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 3
  4. 4. Every Business that’s in for the “long haul” HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 4 Who Works it? Human Resources Top Management Employees
  5. 5. Succession Planning grooms all firms/ businesses for Success HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 5 Ensures +ve outcomes Retention of best Stakeholders Ensures successful future
  6. 6. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 6 T&T PublicPrivate
  7. 7. Here & Now! Focus on P3 HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 7  Policies  Procedures  Practices •Shared Responsibility •Quality
  8. 8. Step 1: Link Strategic & Workforce Planning Decisions Step 2: Analyze Gaps Step 3: Identify Talent Pools Step 4: Develop Succession Strategies Step 5: Implement Succession Strategies Step 6: Monitor and Evaluate HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 8
  9. 9. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 9 Link Strategic + Workforce Plans Analyze Gaps Identify Talent Develop Succession Strategies Implement Succession Strategies Monitor & Evaluate 1 2 3 4 6
  10. 10. Step 1: Link Strategic and Workforce Planning Decisions - Vision & Direction - Future pdts & svcs - Succession Plng + Values - Succession Plng + needs & interests (Snr leaders) HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 10
  11. 11. Step 2: Analyze Gaps Core competencies Supply & Demand Future talents “real” continuity issues Business plan - talent needs not position replacement HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 11
  12. 12. Step 3: Identify Talent Pools Pools vs. Positions Critical competencies Assessing competency and skills Using 360° feedback - development purposes Analyzing external sources of talent HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 12
  13. 13. Step 4: Develop Succession Strategies: Identifying recruitment strategies: Identifying retention strategies: Identifying development/learning strategies: HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 13
  14. 14. Recruitment Retention Development/learning strategies Communication planning Measures of success Linking SP - HR processes Maintaining senior level commitment. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 14
  15. 15. P&G Disney HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 15
  16. 16. Step 6 Tracking selections Listening to leader feedback Analyzing satisfaction surveys Assessing response HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 16
  17. 17. Place Succession - strategic radar Enlist Top Mgmt Recognise - Journey, not a Destination Put the right talent Build systems HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 17
  18. 18. Smoothes – business success Interface : HR function & Strategic direction Vital resource - future needs Focus - human capital HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 18
  19. 19. Thank You & Have a wonderful afternoon HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 19
  20. 20. 3Thingsyou can start doingtomorrow HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 20 1. Identify Critical Roles 2. Identify High Performers 3. Engage Management
  21. 21. Speaker’s Contact Info HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 21 Phone : 322-6903 / 472-6688 E-mail : nancoot@gmail.com / tnancoo@yahoo.com Website (under construction): gamechangerstt.com LinkedIn.

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