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Successionplanning
1. Succession Planning Process
INTRODUCTION
Succession planning is a systematic approach to:
•
Building a leadership pipeline/talent pool to ensure leadership
continuity
•
Developing potential successors in ways that best fit their
strengths
•
Identifying the best candidates for categories of positions
•
Concentrating resources on the talent development process
yielding a greater return on investment.
Succession planning recognizes that some jobs are the lifeblood
of the organization and too critical to be left vacant or filled by
any but the best qualified persons. Effectively done, succession
planning is critical to mission success and creates an effective
process for recognizing, developing, and retaining top leadership
talent.
SUCCESS FACTORS
There are several factors typically found in successful succession
planning initiatives. For example:
•
•
Senior leaders hold themselves accountable for growing
leaders.
•
Employees are committed to their own self-development.
•
Success is based on a business case for long-term needs.
•
Succession is linked to strategic planning and investment in
the future.
•
Workforce data and analysis inform the process.
•
Leadership competencies are identified and used for selection
and development.
•
September 2005
Senior leaders are personally involved.
A pool of talent is identified and developed early for long-term
needs.
1
2. Succession Planning Process (continued)
Development is based on challenging and varied job-based
experiences.
Senior leaders form a partnership with human resources.
•
EFFECTIVE
SUCCESSION
PLANNING
•
•
SUCCESS FACTORS
(CONTINUED)
Succession planning addresses challenges such as diversity,
recruitment, and retention.
The following information includes:
A graphic representation of a six-step process for effective
succession planning
•
September 2005
•
A table with descriptions of each step in this process.
2
3. Succession Planning Process (continued)
Step 1: Link
Strategic and
Workforce Planning
Decisions
This step involves:
Identifying the long-term vision and direction
•
Analyzing future requirements for products and services
•
Using data already collected
•
Connecting succession planning to the values of the
organization
•
Step 2: Analyze
Gaps
•
Connecting succession planning to the needs and interests of
senior leaders.
This step involves:
•
•
Determining current supply and anticipated demand
•
Determining talents needed for the long term
•
Identifying “real” continuity issues
•
Step 3: Identify
Talent Pools
Identifying core competencies and technical competency
requirements
Developing a business plan based on long-term talent needs,
not on position replacement.
This step involves:
•
•
Identifying talent with critical competencies from multiple
levels—early in careers and often
•
Assessing competency and skill levels of current workforce,
using assessment instrument(s)
•
Using 360° feedback for development purposes
•
September 2005
Using pools of candidates vs. development of positions
Analyzing external sources of talent.
3
4. Succession Planning Process (continued)
Step 4: Develop
Succession
Strategies
This step involves:
•
Identifying recruitment strategies:
-
•
Recruitment and relocation bonuses
Special programs
Identifying retention strategies:
-
•
Retention bonuses
Quality of work life programs
Identifying development/learning strategies:
-
Formal development
-
Coaching and mentoring
-
Assessment and feedback
-
Action learning projects
-
Communities of practice
Step 5: Implement
Succession
Strategies
Planned job assignments
Shadowing.
This step involves:
Implementing recruitment strategies (e.g., recruitment and
relocation bonuses)
•
Implementing retention strategies (e.g., retention bonuses,
quality of work life programs)
•
Implementing development/learning strategies (e.g., planned
job assignments, formal development, Communities of
Practice)
•
Communication planning
•
September 2005
•
Determining and applying measures of success
4
5. Succession Planning Process (continued)
Step 5: Implement
Succession
Strategies
(continued)
•
Linking succession planning to HR processes
–
–
Recognition
–
Recruitment and retention
–
Step 6: Monitor and
Evaluate
Compensation
–
•
Performance management
Workforce planning
Implementing strategies for maintaining senior level
commitment.
This step involves:
•
•
Listening to leader feedback on success of internal talent and
internal hires
•
Analyzing satisfaction surveys from customers, employees,
and stakeholders
•
September 2005
Tracking selections from talent pools
Assessing response to changing requirements and needs.
5