Improving your employee assessment and hiring practices to secure top external candidates is a sound strategy, but you can’t rely on new talent alone. Succession planning allows you to measure and promote the internal talent you’ve already invested in, which can be critical to gaining competitive advantage — especially when considering the fact that, according to the Center for Creative Leadership, an astonishing 66% of senior managers hired from the outside fail within 18 months.
As organizations adopt flatter structures, employees can easily become disengaged if they believe there are no opportunities for promotion and career growth. To mitigate this risk, some organizations are making talent mobility a strategic focus ...Read more
Amy Hirsh Robinson lays the foundation for new economy succession planning using three cornerstones for success. First it is important that succession planning is kept as simple as possible. Over complication can lead to paralysis by analysis. ...Read more