The aim of Succession Planning and Talent Development is to be intentional
about the process of building leadership capability. The emphasis
is on developing a broad spectrum of talent within the management
ranks so that the availability of internal talent will not be
a constraint to the organization's strategic direction. Our
approach is informed by our research on best practices and our
extensive experience in career management.
The outcomes of our Succession Planning and Talent
Development System include:
Retaining and developing
high potential employees
Building internal staff
capabilities (bench strength) for the emerging organizational
demands
Creating opportunities
for inclusion of minorities in leadership development
Mapping various succession options
Facilitating developmental moves
across the organization
Establishing a professionally managed
organization with the systems in place to ensure that it will
have effective leaders going forward
When we help organizations to create a system that fits their
culture and needs, the first thing we do is build the business
rationale. Based on interview and focus group input, we write
a business case that ties this initiative to business strategy.
We also identify the key leadership success factors in order
to establish objective criteria for assessment and development.
An important element of our approach is the periodic talent
review, where management peer groups meet to discuss their
assessments of individuals at the next level. The primary
purpose of these reviews is to determine both development
and succession plans. Our emphasis is on building talent,
not on the "rank and yank" processes designed to
eliminate a percentage of the work force every year.