How ready are the people on your bench?

HR Executive magazine reports a lack of sufficiently robust development plans (including learning and training programs) for candidates was the most often cited barrier to succession-planning success in a 2010 study by the Institute for Corporate Productivity and the American Society for Training & Development, ‘Improving Succession Plans: Harnessing the Power of Learning and Development.

I see this time and time again. Firms have a chosen successor and then do not do enough to truly get them ready for success in the next role. Succession planning involves alot more than a plan. The plan is just the start of the process.

Ongoing development is an important part of successful succession planning effort. Neglect it at your own risk.

 

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