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What Will I Be Doing Three Years From Now?. SUCCESSION PLANNING. Definition. Not Long Ago. Without Succession Planning Marking & Developing Select Successor. Succession Planning. The Transfer of Value. What Executives Believe: 92% = Customer Satisfaction 82% = Profitability
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What Will I Be Doing Three Years From Now? SUCCESSION PLANNING
Not Long Ago Without Succession Planning Marking & Developing Select Successor
The Transfer of Value • What Executives Believe: • 92% = Customer Satisfaction • 82% = Profitability • 72% = Innovation & New Products
Not Long From Now With Succession Planning Increased Retention of Superior Employees Resulting in a POOL of Qualified Talent
Critical Success Factor • In order to have qualified choices, you need to identify who is ready now and what it will take to get make others ready when you need them.
Succession Planning Requires • Successful Talent Management Results in Successful Succession Planning
Traditional View of Talent Management • “Talent management has been perceived as an administrative compliance ritual to be endured, rather than a tool for translating talent management into a Human Performance solution for daily career and business challenges.”
Interesting Dichotomy In most cases, business managers, trainers, and HR think about talent and talent management very differently