{"id":2910,"date":"2019-06-28T17:55:50","date_gmt":"2019-06-28T17:55:50","guid":{"rendered":"http:\/\/bakertillyvantagen.com\/?p=2910"},"modified":"2023-05-09T14:11:21","modified_gmt":"2023-05-09T14:11:21","slug":"successionful-planning-moving-up-when-keys-move-on","status":"publish","type":"post","link":"https:\/\/sitepreviews.org\/bt-vantagen\/2910\/successionful-planning-moving-up-when-keys-move-on\/","title":{"rendered":"Successful succession planning:  moving up when keys move on"},"content":{"rendered":"\r\n<p>The loss of key talent can bring an organization\u2019s growth to a standstill.\u00a0 More often than not, management doesn\u2019t know its operations and productivity may grind to a halt until it\u2019s too late.\u00a0<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 25px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<p>Today\u2019s top companies all face the same difficult challenge: how to develop leaders in order to fulfill succession plans.\u00a0 A succession plan is an ever-evolving strategy to ensure leadership continuity in the event of a change in key personnel.\u00a0 The plan defines how the organization will respond to such changes and fill vacancies to ensure success under new leadership.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 25px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<p>According to Gartner\u2019s 2019 Future of HR Survey, 86% of leaders believe succession planning is a top priority yet only 14% believe they are doing it well.\u00a0 HR leaders attribute their succession planning problems to undiversified bench strength and low leadership retention. Taking steps to cultivate your workforce now may mitigate the effects of losing key talent.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 25px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<p>Constructing a successful succession plan requires an in-depth mapping of your current workforce to the vision for the future of the organization.\u00a0 Start by highlighting the areas and positions where an absent employee causes the most disruption to the organization.\u00a0 Next, spend time identifying the key qualifications, skills, and traits necessary for success in these key positions. Taking these measures will help prevent the organization from hiring unqualified personnel.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 25px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<p>Organizations should also evaluate how people will influence their goals for the future.\u00a0 Is the company on track to expand its services?\u00a0 Should it be preparing for a merger or acquisition?\u00a0 Is a large hiring wave or layoff looming on the horizon?\u00a0 Will growth create a need for geographic expansion?\u00a0 Answering these broader questions will put organizations in the best position to paint a more accurate picture of its overall and long-range people needs.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 25px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<p>If you have questions about succession planning or are in need of expert help,\u00a0<a href=\"https:\/\/bakertillyvantagen.com\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">contact our team<\/a>.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>The loss of key talent can bring an organization\u2019s growth to a standstill.\u00a0 More often than not, management doesn\u2019t know its operations and productivity may grind to a halt until it\u2019s too late.\u00a0 Today\u2019s top companies all face the same difficult challenge: how to develop leaders in order to fulfill succession plans.\u00a0 A succession plan [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[12],"class_list":["post-2910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-hr-consulting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - 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