Succession Planningby Martin Haworth
Succession planning enables managers to make sure that there are few, if any, gaps in the skills of their team, even when, for one reason or another, circumstances mean that their experienced people leave.
It can be stressful and frustrating to lose those who have specialist knowledge, are in key roles, or simply have a lot of experience in your business – not to mention the damaging impact it can have on the bottom line.
Fortunately, by using succession planning tactics as an integrated activity within your day-to-day management behaviours, you can easily create an environment where you develop your people to their full capacity.
This brings development opportunities to many of your people, on-the-job, creating engagement and a sense of being partners, while preparing your team for any eventualities.
In turn, where you have engaged, developed and motivated employees, they are much more likely to show up for work each day and, above all, stay with you longer, thus reducing the challenges that losing people so often creates.
And, once you get the hang of it, succession planning is easy, taking very little additional time at all. It’s worth taking the trouble to do it, because succession planning is very, very rewarding. Indeed, taken to its fullest potential, using the simple techniques outlined here will guide you to success for you, your people and your business.
With effective succession planning, your possibilities are limitless!