Open positions in key areas can derail an organization’s business goals. Effective succession management not only helps to create a flexible, high-performing organization but also ensures that open positions do not produce gaps in the progress of important business initiatives.
Planning for filling critical positions should be in place long before these positions are actually vacant. In today’s economy, this has become more important than ever. Developing an effective succession management program requires time, commitment and expertise. Not surprising, many organizations do not have a succession management program in place.
Sibson’s succession management approach helps our clients align talent with organizational goals and promotes versatility in a volatile economic environment. We use three key steps to help clients develop customized and effective plans:
Assess organizational fit (for internal and external candidates) by identifying:
Determine readiness for advancement of candidates by:
Ensure continued development by: