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Implementing Your Succession Plan
The existence of a company succession plan doesnt ensure success.
There are still potential challenges that need to be addressed.
Once the plan is created, it must be reviewed and revised
regularly. Encourage employees to express their interest in
openings and to participate in succession-planning activities.
Maintain systems for submitting potential leadership candidates,
and explain the process so employees know their participation in
this process does not guarantee advancement.
Review a candidates competency list regularly and determine methods
for developing his skills. Maintain a variety of knowledge-transfer
methods to address diverse needs in your organization, and monitor
candidates development regularly to determine progress.
Many times the members of an organization perceive succession
planning as creating a ceiling over them, not allowing them to move
upward unless they are one of the chosen few. A focus on the plan
at the individual level can help this understanding. Add a segment
to performance appraisals where managers discuss career paths in
the organization and discuss employee interests.
Product Code:
76071154
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