Ready, Set, Jump: Is Your Next Set of Leaders Ready to Lead?
We know how challenging it can be when you’re besieged by urgent and important problems to set time aside to think and plan for future talent management success. Savvy talent leaders know this and whenever they talk about getting the next set of leaders ready to lead they explicitly:
Thoughtful, forward-looking succession planning is a must for organizations looking to ensure that there is a next set of leaders ready to lead based upon the challenges that you face.
Successful Succession Plans
The goal of an effective succession plan is to be primed to put the right people in the right place at the right time to achieve your strategic goals – both now and in the future. This means that you need to (1) define the critical roles and positions that matter most, (2) agree upon the skills and leadership qualities needed to succeed in those roles, and (3) identify and assess high potential leadership candidates best qualified for those positions.
The goal of succession planning should not be to simply identify potential successors, but also to create customized development plans to ensure that when opportunities become available, you will have “ready now” candidates for any given position. The most basic leadership succession questions revolve around:
4 Keys to Getting Your Next Set of Leaders Ready to Lead
To achieve a smooth transition of power, beware of the following shortcomings as you try to get the next set of leaders ready to lead:
The Bottom Line
85% of leaders report receiving no training prior to switching into their new role, and 60% underperform during their first two years. Over the long term, smooth leadership transitions can make the difference between success and failure. Make getting your next set of leaders ready a high priority.
To learn more about ensuring that your new leaders succeed, download 6 Traps That Can Sabotage Success as a Leader or 5 Key Succession Planning Trends and Lessons from the Field
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