Optimizing your succession plan
There's no doubt about it. HR and senior leaders in most organizations have spent some time considering the ideal succession program. Executed well, succession planning can help your organization respond effectively to change, recruit and retain the best talent, and support organizational growth.
But, you'll notice some big differences in companies that value and execute a best-practices succession planning program vs. those who do not. Here are just a few of the elements that successful programs share in common:
- Competency models are effectively used to measure the performance standards for each position
- Promotion readiness is measured effectively because each position has clear standards in place
- Competency models are effectively used to measure the performance standards and promotion readiness
Want to see how your organization compares to best practice? Watch this webcast with Dr. William Rothwell, prolific author and expert in succession planning.
Dr. Rothwell will differentiate between replacement planning and true succession planning. He will walk you through a "STAR" model that outlines the 4 key elements of a best practice-based succession program.
Sean Conrad of Halogen Software will provide an overview of how talent management technology can support the best practices outlined in Dr. Rothwell's leading model.