winning the succession challenge

Winning the Succession Challenge

Thomas Nancoo & Game Changers Consultancy GroupHRMATT’s 9th Biennial ConferenceHilton Trinidad & Conference Center14/May/2013

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Definition – Succession Planning

Succession Planning Is

the process of creating systems that outfits organisational

stake-holders positionswith

the most suitable candidates.

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

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Definition – Succession Planning

Succession Planning Is

the process of systematically outfitting

stake-holder positionswith

the most suitable candidate.

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

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Who needs it ?

Every Business that’s in for the “long haul”

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

Who Works it?

Human ResourcesTop ManagementEmployees

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WIIFM

Succession Planning grooms all firms/ businesses for Success

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

Ensures +ve outcomes

Retention of best Stakeholders

Ensures successful future

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Corporate T&T

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

T&T

PublicPrivate

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Where do I begin ?

Here & Now!Focus on P3

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

Policies Procedures Practices

•Shared Responsibility

•Quality

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Step 1: Link Strategic & Workforce Planning Decisions Step 2: Analyze Gaps Step 3: Identify Talent Pools Step 4: Develop Succession Strategies Step 5: Implement Succession Strategies Step 6: Monitor and Evaluate

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

Start Planning Now!

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Start Planning Now!

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

Link Strategic + Workforce

Plans

AnalyzeGaps

Identify Talent

DevelopSuccession Strategies

Implement Succession Strategies

Monitor & Evaluate

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Focus on Policies, procedures & practices

Step 1: Link Strategic and Workforce Planning Decisions

- Vision & Direction - Future pdts & svcs - Succession Plng + Values - Succession Plng + needs & interests (Snr leaders)

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

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Management & EmployeeStep 2: Analyze Gaps

Core competencies Supply & Demand Future talents“real” continuity issuesBusiness plan - talent needs not position replacement

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

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Personnel policies

Step 3: Identify Talent Pools

Pools vs. Positions Critical competencies Assessing competency and skills Using 360° feedback - development purposesAnalyzing external sources of talent

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

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QualityStep 4: Develop Succession Strategies:

Identifying recruitment strategies:

Identifying retention strategies:

Identifying development/learning strategies:

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

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Step 5: Implement Succession Strategies

Recruitment Retention Development/learning strategies Communication planning Measures of successLinking SP - HR processes Maintaining senior level commitment.

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

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Step 5: Implement Succession Strategies

P&GDisney

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

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Monitor & Evaluate

Step 6 Tracking selectionsListening to leader feedbackAnalyzing satisfaction surveys Assessing response

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

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What do I do Now?

Place Succession - strategic radarEnlist Top MgmtRecognise - Journey, not a DestinationPut the right talentBuild systems

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

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In summary - Succession Planning

Smoothes – business successInterface : HR function & Strategic directionVital resource - future needsFocus - human capital

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

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Thank You & Have a

wonderful afternoon

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

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Next Steps3 Things you can start doing tomorrow

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

1. Identify Critical Roles2. Identify High Performers 3. Engage Management

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Questions & AnswersSpeaker’s Contact Info

HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013

Phone : 322-6903 / 472-6688E-mail : nancoot@gmail.com / tnancoo@yahoo.com Website (under construction): gamechangerstt.com LinkedIn.