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.
"Thanks for a fine presentation at UCT. I finished your book and it was a great read! After reading, I put together several pages of key points that I will try to work into my daily thought process."
Kevin Miller
President
Miller Pipeline