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Succession Planning: How Deep is Your Talent Pool
Is your talent pool as deep as it needs to be? Too many organizations rely on guesswork and subjectivity to answer this question. You need something better.
You need to know how to create a succession plan that identifies leadership potential before the company needs it.
In this interactive, humorous keynote, Dr. Henman helps you develop a systematic process that provides a roadmap for you to avoid costly mistakes.
Objectives
- Learn to assess leaders to determine which ones are ready now for promotion
- Find ways to ensure immediate high productivity when jobs are vacated.
- Explore ideas to improve performance in current areas of responsibility.
- Find out why it’s important to prepare the organization for expected events (acquisitions, mergers, etc.) and for unexpected events (departures, deaths, etc.)
- Identify the characteristics that can be developed and those that cannot.
- Understand what it takes to map out a clear succession plan and timeline for key positions so individuals can develop the skills and gain the experience they will need to move forward in the organization.
Benefits
- Prevent costly, premature, or ill-advised promotions that often cost the organization 1-4 times a person’s yearly salary.
- Ensure legal and ethical compliance in your succession planning.
- Maintain and improve achievement of strategic goals.
- Provide opportunities for star performers.
- Attract top talent in the industry.
- Reduce external search costs by developing from within.