|It's every HR executive's worst nightmare. As the economy
improves, a key leader on your management team leaves to pursue
a new opportunity…only weeks before your company closes
the books on its quarterly financial results.
Without a succession plan, you're left to identify a temporary
replacement and then conduct a lengthy executive search to
find someone with the requisite skills and abilities. As the
succession process remains unclear, your employees are left
to wonder how to move critical business decisions forward.
Sound familiar? It doesn't have to work this way. Take the
top 100, 200 or 300 leaders in your organization. Wouldn't
it be beneficial to predict which of your company's most important
positions will become vacant due to an internal move and which
executives will leave the organization entirely in the next
12 months? Of course it would. And what if, by using this
type of knowledge, you could proactively identify and groom
the next generation of leaders to step up and fill gaps in
your leadership team? Wouldn't you like to be able to minimize
the disruption of management changes on your business?
Now you can.
For many companies, succession planning is a loosely defined
concept and poorly implemented process. Most organizations
have no method of collecting, summarizing and analyzing the
key data on their top leaders in this context. And yet it
is the intellectual capital - your employees -- that deliver
a company's products, services and ultimately, its profits.
In order to lessen the impact of brain drain, your company
must have a sustainable people agenda with the right processes,
systems and tools in place.
Hundreds of companies around the world, from American Airlines
and BMW to NASDAQ and Watson Wyatt, have turned to Success
Associates to develop strategic processes for deploying, leveraging
and retaining their key leadership. With Success Associates'
simple, powerful and proven succession planning processes,
your organization can eliminate the impact of executive departures
and help identify and develop your next generation of leaders.
more about Success Associates' succession planning consulting