))
Succession Planning Will Save Your Company
Manage episode 387750627 series 3498933
Content provided by Colby Morris. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Colby Morris or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Succession Planning to Save Your Company
This episode dives deep into the critical but often neglected topic of succession planning. It's not just a fancy buzzword, it's a strategic tool that can make your organization resilient and ready for the future.
Key Takeaways:
- Why it matters: Mitigate risks, boost employee engagement, retain top talent, and ensure a smooth transition when key players move on (lottery win, anyone?).
- Building blocks: Identify key positions, assess your talent pool (don't force the rockstars!), and create career paths with clear expectations.
- Making it work: Develop training, provide mentors, and encourage cross-functional experiences. Communication is key!
- Real-world example: Upbring integrated succession planning into their performance management system, creating a talent pipeline for all leadership positions.
- Tools and tips: Use forms like the Supervisory Skills Verification Form to identify internal leadership potential. Regularly discuss career aspirations in one-on-ones, and leverage mentorship programs.
- Challenges and solutions: Address resistance to change, favoritism concerns, and internal competition with clear communication, employee involvement, and transparency.
- Remember: It's an ongoing process, not a one-time event. Update your plan regularly and commit to your team's growth.
To find out more about Upbring and how you can help, visit their website.
Ready to future-proof your organization? Subscribe, rate, and review "Things Leaders Do"! Connect with Colby on LinkedIn and Instagram to share your thoughts on succession planning.
49 episodes
Share
