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Growing Talent for Succession: A Playbook for Companies Product Image

Growing Talent for Succession: A Playbook for Companies

  • Published: October 2010
  • Region: Global
  • 43 Pages
  • The Conference Board

As the global economy slowly climbs out of recession, succession planning is the last thing on many companies’ to-do lists. It shouldn’t be. Lean employee resources mean it’s all the more important to do things right, by hiring and promoting the best people for new strategic directions. And that takes planning.

Growing Talent for Succession is a playbook that explains how every business can lay the foundation for a growing talent (GT) plan. Such plans typically consist of four phases: linking GT to strategy, managing the talent pool, accelerating talent development, and measuring their own impact. This playbook describes each phase in detail, with examples and actionable worksheets to help companies devise and develop their own GT plans, ensuring they are making the most of their talent assets at all levels.

Introduction

Part I: Establish a Foundation That Links GT with Strategy
Support the Business Strategy
Identify Pivotal Roles
Identify Key Competencies
Have Crucial Conversations
Create a GT Plan
Checklists (1-6)

Part II: Manage the Talent Pool
Assess and Identify Top Talent
Analyze Bench Strength and Identify Gaps
Confirm Career Aspirations and Provide Actionable Feedback
Checklists (7-10)

Part III: Accelerate Development
Create a Development Plan
Execute the Development Plan
Checklists (11-12)
Part IV: Measure Impact
ROI, ROA, or __? Senior Executives Are Looking Elsewhere
Current Tools for Measuring GT Plan Impact
Successful Practices: Measuring Impact
Checklist (13)

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