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Critical Aspects of a Performance Management System:
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> Business Succession Planning >
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Succession Planning
The succession planning process entails identifying those
employees who have the right skills to meet the future
challenges facing the organization. Successful succession
planning includes four phases’ identification, collection,
discussion, and implementation:
Identify critical skills for success: What skills,
experience, level of education and characteristics does the
business need for the future? Identifying critical skills
allows your employees to focus their career plans and
corporate development efforts in the right direction. This
step is accomplished through job analysis.
Collect performance and potential information:
Collect key information from employees and management.
Employees should provide an internal resume with career plans
and a self assessment of their performance and management
should supply their assessment of their employees' performance
and potential for promotion. This is accomplished through an
updated performance appraisal system.
Succession planning discussion: Current managers
utilize an objective process to determine who is ready now to
replace key positions and who needs further development. The
input of management is compared to the competency results generated in the
job profiles, the results of their multi-rater assessments,
and a realistic look at the areas of greatest interest
compared to potential openings. These questions are answered
in this phase along with a summary discussion of performance,
potential and career development plans for current and future
back up candidates.
Implement career development plans: Career planning
is more than core leadership training; it also includes
projects, temporary assignments, mentoring, lateral moves,
continuing college credits and a variety of other training
methods including self study. This is covered under IDPs and
an updated performance appraisal system.
Businesses and corporations succeed by having the right
people in the right places at the right times. The
implementation of a Succession Planning Process will help to
ensure that everyone is prepared for future success.
Performance Appraisal |
