Thursday, May 2, 2013

SUCCESSION PLANNING: PERFORMANCE VS POTENTIAL



All organization has certainly thought about succession planning.  But research shows that most organizations don’t do it very well.  Succession planning isn’t just a HR issue.  It is a difficult, perplexing business issue that requires attention from the ‘top’.  Start / improve / install good succession planning in your organization by:
  • Thinking about your mission-critical roles
  • Being very clear about the role and leadership requirements (competencies)
  • Assessing risk including the likelihood of retirement / turnover
  • Assessing people (who we have for the roles)
  • Assessing the environment (what we have to do to get them ready)
Most executives and high rank managers confuse performance and potential.  Usually it’s because they do not have a good definition or valid measure of ‘potential’.  Most excuses use ‘today’s performance’ to assess potentials.
The psychological construct of learning Agility is the only known measure of potential where research shows the individuals with high level of Learning Agility are more successful after promotion.  To be ‘successful in the world of succession’ the only requirement is to identify these people early, develop them correctly, retain them successfully and utilize their skills wisely.
 
Shared from:
Success in the world of succession
Talking HR by Graeme Field
StarBiz, Tuesday 23 April 2013

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