Succession Planning is the Future of Your Company

When interviewing a candidate for any supervisory or managerial position, I always ask the candidate, “What do you believe is the most important role you will have in this management position?” If the candidate does not give me an answer that involves the development of people in one way or another, I don’t really move forward with that candidate. My questions to you is, “How many of you focus on people development as a major skill-set for your managers?

The management of any company is responsible to ensure that the company or organization continually has the resources to be competitive, sustain growth and be viable in the future. These resources include the talent involved with the key positions that will do just that.

I have noticed recently that more and more companies are starting to seriously look at Succession Planning as the process that will ensure their future and that talent management is one of the most important aspects of their success.

I think it is important that companies today look at the following 5 key areas:

• Evaluate the current job roles and prepare future job roles that will ensure the future success of the company or organization
• Conduct a talent evaluation based on competencies and skill sets needed in the future
• Determine the time it will take the talent to gain these skill sets and competencies to enable them to assume a future position – any position.
• Understand that the development of future talent starts with the initial interview so make sure you are looking for the talent of the future and not just for the present
• Focus on the potential of your people

Succession Planning must be a core value of any organization and become part of its culture if they expect to be around in the future. Is you company focusing on the development of a succession planning process….don’t let it just be an event based on demographics.

Learn more about the Succession Planning Process our consultants use to help companies focus on talent development and organizational growth.

"Innovative Leadership is a great consulting resource for our business community... Richard Hohmann uses his business acumen to offer insightful evaluations in conjunction with guidelines for intelligent management enhancement". - George Bauer, President/Board of Directors. Humane Society Industry