winning the succession challenge
TRANSCRIPT
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 : [email protected] / [email protected] Website (under construction): gamechangerstt.com LinkedIn.