Succession Planning and Candidate Development
100% of the successor candidates we’ve worked with have been successful right out of the gate and over the long-term. Creating Exponential Results for their companies and stakeholders.Only 35% of organizations have a formalized succession planning process for critical roles. More than 74% of leaders report they are unprepared and lack the training for the challenges they face in their roles. Sixty percent of executives fail within the first 18-months of being promoted or hired.
Although succession planning and candidate development has been identified as a critical component for business success, organizations often fall short of doing it right for various reasons:
- Organizations do not allocate substantial resources to developing talent, in part due to the lack of focus, attention, alignment, support and attention from senior leadership.
- Often succession management is not tied to the strategic mission of the organization or integrated into the culture.
- Succession management is viewed as a one-time event vs. a process.
- Organizations demonstrate a lack of follow-through on development plans.
- Companies are too often focused on hiring from outside rather than promoting internally.
Set everyone up for success by hiring us to create a custom succession plan and develop your succession candidates. This is a critical process with multiple facets, long lead-time, and many pitfalls, requiring expert navigation. Consider everything required in our comprehensive succession guide, published by BRAINZ magazine, and the fact that you don’t have time to do it yourself, or entrust the full process to one or two people; all of you have day-jobs.
To ascertain where your company is in the process consider these questions:
Do your potential successors possess and convey these vital skills?
Do you know how to or have the resources to develop these qualities in them?
Comprehensive Succession Plan
We will do all steps in tandem with you, and incorporate all stakeholders. This is monumental task, requiring experience, expertise and deep skill. Set yourself (and everyone else) up for success, not failure.