Episode Overview
31 minutes
Steps for Successful Succession Planning
- Initiate Early and Maintain Continuity: Kick-off succession planning well in advance, ensuring it’s an ongoing practice. Circulate employee expertise to prevent hasty decisions when the time presses.
- Mirror Organizational Culture: Choose future leaders who exemplify your company’s culture. Align talent nurturing and advancement with these core values.
- Anticipate Role Openings: Spot and sequence roles that may soon open up, like impending retirements, and strategize for their eventual filling.
- Plan for the Unexpected: Succession planning turns unforeseen exits into smooth transitions. Pinpoint backup successors to step in without missing a beat.
- Validate Your Plan: Test drive your succession picks by entrusting them with leadership roles in temporary absences.
- Merge Succession with Recruitment: Weave succession planning into your hiring processes. Prepare for the gaps left by those moving up internally.
- Involve Staff Aspirations: Include staff in discussions about their professional aspirations, promoting horizontal as well as vertical growth.
- Recruit With Professional Guidance: Bring in staffing professionals to navigate and refine your approach to succession planning.
Additional Resources
- Steps to Strategic Succession Planning
- Strategic Workforce Planning: What it is & Key Steps
- The Future of Recruiting: Predictions for the Next Decade
About Pete Newsome
Pete Newsome is the president of 4 Corner Resources, the nationally acclaimed staffing and recruiting firm he founded in 2005. His mission back then was the same as it is today: to do business in a personal way, while building an organization with boundless opportunities for ingenuity and advancement. When not managing 4 Corner’s growth or spending time with his family of six, you can find Pete sharing his sales and business expertise through public speaking, writing, and as the host of the Hire Calling podcast.
About Rick Baez
Efrain “Ricky” Baez Jr. is a published human resources professional specializing in strategically aligning HR competencies to business goals with a down to earth, common sense approach. Ricky is a four- year veteran of the United States Marine Corps and holds a Masters degree in Human Resources (MHR) from Rollins College and an SPHR certification from the Human Resources Certification Institute. Ricky is also a faculty member for the Master of Human Resources program at Rollins College in Winter Park, Florida.
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