Optimizing Your Succession Plan

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There's no doubt about it. HR and senior leaders in most organizations have spent some time considering the ideal succession program. Executed well, succession planning can help your organization …

There's no doubt about it. HR and senior leaders in most organizations have spent some time considering the ideal succession program. Executed well, succession planning can help your organization respond effectively to change, recruit and retain the best talent, and support organizational growth.

But you'll notice some big differences in companies that value and execute a best-practices succession planning program vs. those that do not. Here are just a few of the elements that successful programs share in common:

Competency models are effectively used to measure the performance standards for each position.
Promotion readiness is measured effectively because each position has clear standards in place.
Competency models are effectively used to measure the performance standards and promotion readiness.

Want to see how your organization compares to best practice? Join us for this webcast with Dr. William Rothwell, prolific author and expert in succession planning.

Rothwell will differentiate between replacement planning and true succession planning.
Rothwell will walk you through a “STAR” model that outlines the four key elements of a best practice-based succession program.
Sean Conrad of Halogen Software will provide an overview of how talent management technology can support the best practices outlined in Rothwell’s leading model.

ADDED BONUS:

To get even more value from this session, take this 20 question succession assessment created by Rothwell and Halogen Software prior to joining the webcast, and get a complimentary report that will give you some initial insight into how your organization is doing.

Twenty questions and one webinar are all it takes to benchmark your organization against best practice and get you started on the path to an effective succession planning program.

Register now and earn one hour in HRCI Recertification Credit.

To learn more about Halogen’s award-winning solutions for succession planning, book a complimentary trial or a personalized demonstration of Halogen's award-winning suite.

Learn why Halogen is consistently ranked No. 1 in customer satisfaction, and how we’re helping thousands of HR professionals worldwide succeed brilliantly at talent management.

More in: Business , Technology
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  • 1. You can listen to today’s webinar using your computer’s speakers or you may dial into the teleconference. If you would like to join the teleconference, please dial 1.650.479.3208 and enter access code: 921 301 626 #. You will be on hold until the seminar begins. #TMwebinar
  • 2. Speakers: Dr. William J. Rothwell President Rothwell & Associates, Inc. Sean Conrad Talent Management Evangelist Halogen Software #TMwebinar
  • 3. • Q&A – Click on the Q&A icon on your floating toolbar on the top of your screen. – Type in your question in the space at the bottom. – Click on “Send.” #TMwebinar
  • 4.  Polling  Polling question will appear in the “Polling” panel.  Select your response and click on “Submit.” #TMwebinar
  • 5. 1. Will I receive a copy of the slides after the webinar? YES 2. Will I receive a copy of the webinar recording? YES Please allow up to 2 business days to receive these materials. #TMwebinar
  • 6. #TMwebinar Dr. William J. Rothwell President Rothwell & Associates, Inc. Sean Conrad Talent Management Evangelist Halogen Software
  • 7. Optimizing your Succession Plan A deeper dive into understanding your company’s succession planning efforts, compared to best practices
  • 8. If you’re joining us now.. • Ideally, you’ve taken the succession assessment from Halogen and Rothwell & Associates here: www.halogensoftware.com/resources/succession- assessment/ • You want to learn more about the elements of a best practices succession program and what your results mean. • You want insight into how technology can help
  • 9. Copyright 2013 by Rothwell & Associates, Inc. by William J. Rothwell, Ph.D., SPHR and The Rothwell & Associates Team Chad Chae Maureen Jones Steve Welch Leen Zaballero Optimizing Your Succession Plan Optimizing Your Succession Plan
  • 10. This session will: • Differentiate Replacement Planning and Succession Planning • Introduce Rothwell STAR Model • Explain Succession Assessment and Report • Show an example of how technology supports best practices
  • 11. about the facilitator
  • 12. Copyright 2013 by Rothwell & Associates, Inc. Replacement Planning The process of identifying individuals as backups for key positions on a short-term or long- term basis Copyright 2013 by Rothwell & Associates, Inc.
  • 13. Copyright 2013 by Rothwell & Associates, Inc. Succession Planning • …the process of pinpointing key needs for intellectual talent and leadership throughout the organization over time and preparing individuals for present and future work responsibilities needed by the organization. It emphasizes the internal development of people.
  • 14. Copyright 2013 by Rothwell & Associates, Inc. One Possible Roadmap: A model to Guide management Succession Planning Source: Rothwell, W. (2010). Effective succession planning: Ensuring leadership continuity and building talent from within. 4th ed. New York: Amacom. Make the Commitment Evaluate the Program Clarify the Work / People Now Assess Potential Clarify the Work / People Needed in the Future Plan for development Appraise performance
  • 15. Copyright 2013 by Rothwell & Associates, Inc. Source: Rothwell, W. (2010). Effective succession planning: Ensuring leadership continuity and building talent from within. 4th ed. New York: Amacom. Make the Commitment Evaluate the Program Clarify the Work / People Now Assess Potential Clarify the Work / People Needed in the Future Plan for development Appraise performance Identification • Aging Workforce • Fast Growing Markets
  • 16. Copyright 2013 by Rothwell & Associates, Inc. Source: Rothwell, W. (2010). Effective succession planning: Ensuring leadership continuity and building talent from within. 4th ed. New York: Amacom. Make the Commitment Evaluate the Program Clarify the Work / People Now Assess Potential Clarify the Work / People Needed in the Future Plan for development Appraise performance Assessment • Prompt leader to evaluate program tool • Disagreement • Clarify roles assess potential
  • 17. Copyright 2013 by Rothwell & Associates, Inc. Source: Rothwell, W. (2010). Effective succession planning: Ensuring leadership continuity and building talent from within. 4th ed. New York: Amacom. Make the Commitment Evaluate the Program Clarify the Work / People Now Assess Potential Clarify the Work / People Needed in the Future Plan for development Appraise performance Development • Halogen R&A overcome obstacles • Lack of structure
  • 18. Copyright 2013 by Rothwell & Associates, Inc. Source: Rothwell, W. (2010). Effective succession planning: Ensuring leadership continuity and building talent from within. 4th ed. New York: Amacom. Make the Commitment Evaluate the Program Clarify the Work / People Now Assess Potential Clarify the Work / People Needed in the Future Plan for development Appraise performance Management • Complete the full circle program • Most often missed portion
  • 19. Copyright 2013 by Rothwell & Associates, Inc. Succession Assessment Basics • Who should complete the assessment? • We prefer multiple reporters • Those who are integrally involved • Multiple views of the organization • CEO • Director of HR • Upper level middle manager
  • 20. Copyright 2013 by Rothwell & Associates, Inc. Succession Assessment Basics • View of ORGANIZATION’S Succession Planning Program • Not the person’s / department’s program • CURRENT program assessment • Not what you WANT the program to be
  • 21. Copyright 2013 by Rothwell & Associates, Inc. Taking the Assessment: “Hover Text” for Better Context 1 2 3 4 5 Hover Text describes what the question is asking It gives you better cues as to how to answer We encourage you to read each question’s hover text PRIOR to answering the question Best results come from understanding what the question is trying to ask Avoids individual definitions
  • 22. Copyright 2013 by Rothwell & Associates, Inc. Interpreting your results 1 2 3 4 The one page report provides a summary The full interpretation can be explained with a personal review with R&A No matter how low the score – we can help We can work together to help each organization
  • 23. Copyright 2013 by Rothwell & Associates, Inc. Assessment Report Detailed Ratings
  • 24. Copyright 2013 by Rothwell & Associates, Inc. Assessment Report Overall Score
  • 25. Copyright 2013 by Rothwell & Associates, Inc. For further insight • Visit www.rothwellandassociates.com • Complete form to chat with a consultant, or call us! • We’ll reply within 48 business hours and follow-up with a phone call and a more in-depth intake
  • 26. Copyright 2013 by Rothwell & Associates, Inc. R&A Additional Services • Technical Succession Planning • Competency Modeling • Talent Management • Leadership Development • Managing Change Positively • Creating Best Practices in Organization
  • 27. © 2013 Halogen Software. All rights reserved. All contents are confidential.
  • 28. © 2013 Halogen Software. All rights reserved. All contents are confidential. Employee profile workforce intelligence Mission Vision Values Strategy Goals Feedback and performance Learning and development Succession CompensationJob descriptions Recruiting 360 reviews
  • 29. © 2013 Halogen Software. All rights reserved. All contents are confidential. • If you haven’t taken the succession assessment yet, or want to revisit it with more context visit www.halogensoftware.com/resources/succession- assessment/ • To learn more about how Halogen’s solutions can support a best practices succession program visit www.halogensoftware.com/products/halogen- esuccession/ • To learn more about how Rothwell & Associates can help you develop a strategic succession and talent management program visit www.rothwellandassociates.com Some Next Steps
  • 30. © 2013 Halogen Software. All rights reserved. All contents are confidential. Questions? For more information: William Rothwell, Ph.D., President, Rothwell & Associates, williamjrothwell@rothwellandassociates.com Connie Costigan, Director of Marketing and Communications, Halogen Software ccostigan@halogensoftware.com
  • 31. Join Our Next TM Webinar “Finding the ‘Why’ Behind Talent Management Technology” Thursday, July 11, 2013 TM Webinars start at 2 p.m. Eastern / 11 a.m. Pacific Register for upcoming TM Webinars at www.talentmgt.com/webinars Join the Talent Management magazine Network http://network.talentmgt.com/ #TMwebinar