Whilst succession planning can prove to be one of the toughest parts of your people management strategy, Erik Berggren argues that by creating a transparent talent pool, organisations will find themselves in a win-win situation.
No one can afford not to take advantage of the current supply of their talent. With increased competition for talent and increased attrition, this poses both a cost issue, as well as a strategic concern for organisations today. Getting the best out of your people is in a company's best interest and that of the employee.
But the questions you have to ask yourself are:
- Just how do you go about it?
- What are the real business benefits to the organisation?
Traditional succession planning
Succession planning, by nature, is one the most difficult parts of a company's people management strategy.
