Think succession planning is just HR’s job? Think again!
While your HR team can facilitate the succession planning process, it is ultimately a strategic priority that requires the active involvement of senior leaders.
In the absence of internal successors, organisations, like yours, are forced to rely on external hiring, which is often more costly, time-consuming, and uncertain than developing internal talent.
If your employees see no clear career progression, they become disengaged or seek opportunities elsewhere. This turnover exacerbates talent shortages and increases recruitment costs.
Achieving success in succession
Succession planning isn’t just about avoiding these problems; it’s about creating a proactive strategy to ensure that critical and specialist roles are always equipped with the right talent.
Effective succession planning aligns leadership development with organisational goals, a responsibility that extends beyond HR.
The question is not whether to invest in effective succession planning, but how quickly you can start embedding it into your leadership strategy.
What to do next?
If you are an HR Director, Chief People Officer, or you are responsible for succession planning in your organisation, I would love to share our process for creating and delivering the most transformative succession strategy on the planet. Email me with ‘Success in Succession’ in the subject line.
Ready to transform your succession strategy?
When the time is right, and you’re ready to transform your succession strategy, let’s set up a 45-minute discovery call to see how my approach is right for you.
Take the first step towards a successful future! Book direct with me here.
Matt
