Succession Planning: Developing Talent from Within (Live Online)

Ensure your organization always has well-trained, experienced people in key positions.Research shows that most companies have little or no deliberate succession planning in place—and aren’t fully aware of how much the lack of it can cost their organization, especially in an unstable economy. Managing the succession of talent is a vital strategic process that minimizes gaps in leadership and enables your best people to develop the skills necessary for possible future roles.This seminar will show you how to design and implement an effective and flexible succession plan that will help your organization continue to grow and achieve its business goals.Who Should Attend:Mid to senior level managers; business unit heads; human resources personnel and organizational development professionals.How you will benefit:Learn to formulate strategies for attracting, retaining and developing skilled individualsKnow how to develop future leaders from within while retaining intellectual/operational expertiseBe able to sustain business relationships that are vital to your organization’s successDevelop a targeted approach to identify the competencies needed for specific positionsHelp increase retention by matching your company’s needs with the aspirations of individualsWhat you will cover:Succession planning: an overview of its importance, function and methodologyThe role of HR in setting up a succession planning systemForecasting future needs and strategic alignmentDeveloping the succession planning processBuilding individual development plansEffective monitoring, measuring and follow-up processesCourse Outline:Learning ObjectivesDefine Succession Management and Why Leaders Must Focus on ItIdentify Where Succession Management Fits Within Managing TalentRecognize Where Your Organization Is on the Succession Journey and What Your Role Is In Continuing the JourneyIdentify What to Assess to Have Leaders Ready for ChangeWrite Individual Development Plans (IDPs) That Help Leaders Grow FasterDevelop Succession Strategies That Are Aligned with the Organization’s Business Strategies, as Well as Millennial Values and GoalsDevelop Metrics for Measuring and Evaluating the Organization’s Succession ProcessImplement Succession Management Programs That Meet the Needs of Your Employees and Your OrganizationBuilding Competitive Advantage with Talent—It’s a JourneyRecognize How Traditional Succession Planning Fits into an Organization’s Overall Talent Management StrategyIdentify the Six Levels of Succession Management Programs and Recognize Where Your Organization Is on the JourneyDescribe the Five Steps of Succession Management in Today’s Organizational EnvironmentUsing Business Strategy to Determine Talent NeedsIdentify Trends Impacting Your Business StrategyExplain Your Organization’s Business Strategy and How That Impacts Succession PlanningDescribe the Attributes, Traits, and Competencies That Align to Specific Business StrategiesRecognize Your Own Personal Strengths and Weaknesses Related to Learning AbilityAssessing Leadership PotentialDefine Leadership Potential and High PotentialDescribe Criteria for Identifying High PotentialsUtilize Tools for Identifying and Assessing PotentialSupport the Use of Assessments as the Best Practice for Assessing TalentRecognize the Impact of Transparency or the Lack of Transparency on EmployeesFacilitate Talent Review MeetingsIdentifying Readiness and Thinking Creatively About DevelopmentCreate a Process for Reviewing and Developing Employees Throughout the YearSelect Tools and Forms That Support Your ProcessRecognize What Makes Leaders Grow FasterApply the 70-20-10 Framework to Individual Development PlansConduct Interim Review Meetings Initiated By the EmployeeIdentify the Impact of Millennials on Talent ManagementMeasuring and Evaluating Succession ManagementRecognize the Importance of Using Metrics to Evaluate Succession Planning in an OrganizationIdentify Areas That Should Be MeasuredDescribe How Predictive Analytics Can Be Used in Succession PlanningDetermine Which Metrics Will Be Most Useful to Your OrganizationRecognize the Role Intuition May Have in Succession PlanningAction Planning to Advance Overall Succession Planning for the Organization, Yourself, and Your TeamApply Some of What You’ve Learned to the Three Major Areas of Your Organization