Succession Planning
A solid succession plan ensures your business runs smoothly and successfully whether key talent leaves the company, retires or passes away.
Our Approach
After understanding your business, current state, vision, and goals for the future, we consider what is at risk, due to large groups of retirees looming or executive management members retiring. Talent Growth meets with all Management and Executives within the organization one on one to develop a deliberate succession plan that outlines who will be retiring when. This overlays the institutional knowledge and skills that will be exiting your business.
“We knew we had many retirements impending. You helped us identify clear timelines, future org structure, and competencies & training needed for future leaders. Our exec team is more confident about our future with this forward-thinking plan.”
In addition to the gaps, this plan highlights the critical competencies you need to harness to stay relevant for future years, which often change over time. The toolkit measures how weak and strong these key competencies are within the business, which informs the organization where they need to develop internal talent or recruit externally. The result? Clarity. Instead of operating in the gray, your business has a clear road map. The total plan includes a communication plan on how to talk with employees about succession planning and what’s in it for them. The result is a future-proofed, educated and talented organization that has successfully closed the talent gap and transferred leadership knowledge.
Key benefits to the business:
Organizational Clarity With Proactive Succession Plan Roadmap
Current and Future State Organizational Charts
Competency Gaps & Recommendations
High Potentials Identified With Developmental Strategy Plans
Business Themes/Challenges, Recommendations, Communication Plan
Already have a succession plan in place?
You might be interested in Talent Pipelining. Learn more here.