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Succession Planning

Powerful Essays
Succession planning is a key part of filling leadership roles in the workforce. Leaders have been making decisions from the beginning of time. The term leader has many faces in life. Whether on a battlefield in ancient time or in modern society running a multimillion dollar business, leadership styles were used by leaders or managers to get results. A leaders effective succession planning builds the availability of experienced employees in all areas of an organization.

When leaders talk about performance, we look at our business environment. How do we enhance the performance process use to strengthen our high performance workforce? This positive impact is created by employee engagement or empowerment. These types of leadership engage employees to have a greater ability to impact quality of work, costs, customer satisfaction, and innovation. In turn, we can use these performance measures to tie compensation programs to reinforce pay-for-performance culture. People are the fundamental element required to thrive and grow in business environment.

The key steps in the succession planning process starts with the goals that are set at the CEO level and delivered down to different department levels. The high level goals are broken down by lower level manager to create clarity for their specific department goals. These goals will be developed by department managers with his or her supervisors. These goals are developed by using four established guidelines; first one being line of sight, which allows employees to align their work with the business and see value in their contributions. This allows individuals to gauge their progress throughout the year in an objective way. Secondly is employee development, which creates opportunities fo...

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...ion planning the knowledge, communication and decision making that a successful leader brings to an organization is one of the most valuable asset.

References

Behan, B. (2009, October 29). CEO succession planning: The Big Hand-off. Retrieved January 28, 2012, from National Post:http://www.nationalpost.com/news/

succession+planning+Hand/2159505/story.html

Nye, J. S. (2008). The Power to Lead. Oxford: Oxford University Press.

Prokopeak, M. (2010, November 06). The Politics of Power. Retrieved January 28, 2012, from Talent Management:http://talentmgt.com/articles/view/the_politics

_of_power

Salopek, J. (2011, July 21). Succession Planning Article. Retrieved January 28, 2012,

from Bussiness Specialis tFocusing on Human Resourcse, Strategy and Board Goverance:http://salopekconsulting.blogspot.com/2011/07/succession-planning-article.html
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