COURSE OBJECTIVES
By the end of the course, the participants of this course will be able to understand:
- Basics of Succession Planning
- Importance of holistic succession planning process
- Prerequisites of Success Planning
- Approach to Succession Planning & Management
- Choosing internal vs external successors
- Key aspects of an effective Succession Planning & Management System
- Continuum of Succession Processes
- Obstacles to the effective succession management process
- Mistakes to avoid in Succession Planning process
- Measuring the effectiveness of Success Planning intervention
COURSE OUTLINE:
Basics of Succession Planning
- What is Succession Planning?
- Importance of Succession Planning
- Key stakeholders in the Succession Planning process
- Succession Planning Vs. Succession Management
Key characteristics/framework of Succession Management process
- Various characteristics of the effective Succession Management process
Key Steps in Succession Planning
- Identify future business/customer needs
- Identify key positions and competencies.
- Select high potential candidates
- Select & implement appropriate training & development interventions
- Monitor and evaluate
Selecting High Potential Candidates
- Criteria for selecting high potential employees-Performance & Potential
- 9 box model(9 x 9 grid)
- Use of psychometric tools for selecting high potential employees
- Selecting Internal Vs External talent
Obstacles to the Succession Planning process
- Understanding potential hurdles to the Succession Planning process
- Key mistakes to avoid in Succession Planning process
Talent Retention Strategies in Succession Planning Process
- Importance of retaining talent/potential successors
- Various talent engagement initiatives
- Communication initiatives for improving talent engagement
- ‘Employee Connects’ as a talent retention tool
- Competitive Compensation and Benefits
Key pointers to consider in Succession Planning Process
- Importance of individual employee career goals and objectives in the Succession Management process
- Effective communication with individuals who are identified as high-potentials and designated successors
- Career coaching/counselling
- Role of mentoring in developing top talent
Succession Planning case studies
- Succession Planning case studies in various industries/sectors
Measuring the Effectiveness of Strategic Succession Planning Process
- Different methods/metrics to measure the effectiveness of Strategic Succession Planning process