3-day Virtual Seminar

Succession Planning-A Key to An Organization Success

Overview

• Definition of Succession Planning 
  
• Objectives and Benefits of Succession Planning
  
• Tools Commonly Utilized for Developing and Implementing
  
• Provide a proven multi-step successful model for adoption or adaptation
  
• What an organization needs to do to achieve success & common obstacles to be aware of
  
• Potential Measures of the Program's Success

Why you should Attend

Attendees will have a greater understanding of Succession Planning in order to:

• Sustain the business through a deliberate and systematic effort to anticipate and ensure leadership continuity in key positions
  
• Retain and develop the organization's high potential [HiPos]
  
• Encourage individual development via multiple methods
  
• Proactively determining:
  
  • The talent needed in the future
    
  • The talent it has now
    
  • Where there are talent gaps
    
  • The initiatives necessary to close those gaps
    
• Anticipate & hopefully avoid the common obstacles to success

You will be equipped to initiate Succession Planning or enhance your existing process by having a proven model and related processes and tools.

Areas Covered in the Session

• Definition of Succession Planning 
  
  • A deliberate, systematic process of anticipating the need for talent and ensuring that the necessary employee competencies and experience are available when needed
    
  • A strategic approach for avoiding an undersupply of talent, enhancing the organization's current talent pool, and meeting the organization's future needs
    
  • A specific plan identifying, at a minimum, the senior executive positions along with their:
    
    • A job description
      
    • Those individuals in leadership positions who are potential successors with defined time periods
      
    • A gap analysis of the experience, skills, attributes and relationships (internal and external) needed for success in comparison to those existing with potential successors
      
• Objectives and Benefits of Succession Planning
  
  • Position the organization for success now, provide sustainability for tomorrow and prepare for continuity into the future
    
  • Sustain the business through a systematic effort to ensure leadership continuity in key positions
    
  • Attract, retain & develop high potential individuals (aka, HiPos, Rockets, Potential/Future Executives, Rising Stars, etc.)
    
  • Encourage HiPos development by:
    
    • Identifying career paths
      
    • Conducting performance appraisals
      
    • Providing regular coaching and/or mentoring
      
    • Creating Individualized Development Plans [IDPs]
      
    • Holding Talent Review meetings
      
• Tools Commonly Utilized for Developing and Implementing
  
  • Self-appraisals and career goals
    
  • Performance appraisals, 360º & other assessment tools
    
  • Individual development plans [IDPs]
    
  • Talent review meetings
    
• Provide a proven multi-step successful model for adoption or adaptation
  
  • Including the importance of clear identification of roles
    
• What an organization needs to do to achieve success & common obstacles to be aware of
  
• Potential measures of success

Who Will Benefit

• Business Owners (including private & family-owned ones) 
  
• Adult Family Members of family-owned businesses 
  
• Company CEOs/Presidents 
  
• Other Executives (especially CFOs & CHROs) 
  
• Accounting & Finance Professionals 
  
• HR Professionals