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Succession PlanningLeadership DevelopmentLeadership DevelopmentLeadership DevelopmentTalent Management

All organisations, whether in the private or public sectors, need to be able to find people with the right skills to fill key and top leadership jobs. This process needs to be managed, and traditionally, large blue-chip companies ran highly-structured, mechanistic, secretive, and top-down schemes aimed at identifying internal successors for key posts and planning their career paths to provide the necessary range of experience. These schemes worked reasonably well in a stable environment where structures were fixed and careers long-term.

However with the growing uncertainty, the increasing speed of change and flatter structures, in today’s business environment this metho
d of succession planning is now inappropriate. How can you plan ahead, for jobs that might not exist next year?

The new era of succession planning looks quite different from the old version, with a broader vision and far closer links to wider talent management practices.

There is greater openness and transparency and greater emphasis on the individual and focus on roles rather than jobs. Secrecy is being gradually reduced, and advertising of internal jobs is increasing. It is now more widely believed that employees need to understand the succession process, the methods used to judge potential successors, and the kinds of jobs that are considered suitable for each individual.

With openness should go fairness; objective assessments of all available candidates need to be seen to be made. Those covered by the process need to be able to make an input about their own career aspirations, preferences, and constraints. They also need feedback about how they are perceived by their employers and the sorts of job moves for which they would be considered.

As a growing number of organisations recognise the business case for diversity, they are increasingly aware of the need to ensure that the talents of women and ethnic minorities are also properly developed.

 

 
 
 

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