Succession development is a key part of the succession process. Designing a 2-5 year development plan for those who have been identified as high performers with high potential (High potentials (Hi-Po)) has been very helpful for my clients and their organizations.
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I look at succession in two stages; succession planning and succession development. This blog will focus on the planning part. Succession planning is a process of identifying current and future leaders of your organization. This is sometimes done using a 9-Box Grid or performance and talent management software. The purpose of succession planning is to ensure that organizations have identified potential future leaders and take a look at what gaps or skills need to be developed to prepare these future leaders to step into a higher or a different level role.
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