20 Strategies For Navigating Effective Succession Planning

Excited to share my contribution to "20 Strategies For Navigating Effective Succession Planning" with Forbes HR Council members. We explore essential succession planning strategies, focusing on a skills-based approach for robust organizational growth.

Understanding and implementing these strategies is key to future-proofing our teams. I look forward to your thoughts and insights.

Read here: https://www.forbes.com/sites/forbeshumanresourcescouncil/2024/02/02/20-strategies-for-navigating-eff...

#SuccessionPlanning #skills #informedecisions


A recent Forbes article titled "Developing A Leadership Pipeline: Plan Ahead Or Get Left Behind" outlines six effective strategies for creating a sustainable talent pipeline:

  1. Identify High-Potential Employees (HiPos): Recognize employees with strong work ethics and dedication to the organization's mission. Their potential for leadership roles is significant.
  2. Provide In-Depth Coaching: Regular, focused coaching sessions are essential. David B. Peterson, former executive at Google, emphasizes the importance of dedicating time for skill development aligned with future roles.
  3. Create Progressive Growth Opportunities: Particularly for younger employees, offer frequent feedback and promotion opportunities. For example, Ladders, Inc. revamped its promotion structure to offer more frequent advancements.
  4. Develop a Strong Succession Plan: Like Procter & Gamble, have ready replacements for key leadership roles to ensure continuity.
  5. Rotate Employees Through Diverse Roles: Expose HiPos to different departments and challenges, enhancing their skills and perspectives.
  6. Emphasize Inclusivity: A leadership pipeline should mirror the organization's diversity, offering equal opportunities for all, particularly those who have been historically marginalized.

These strategies not only foster a robust leadership pipeline but also position organizations as industry leaders in talent development and promotion from within.

See the link to the article in the 1st comment.

#skills #successionplanning #informdecisions