America’s talent pool is shrinking, while the need for highly specialized workers is at an all-time high. Therefore, succession planning is no longer just about identifying potential executive replacements — it is about ensuring that you will have the future talent critical to your organization’s success and survival.
Strategic Performance Group can help you successfully plan for the future. Its research-based succession-planning methodology will help you to achieve the following:
- Identify the key sources of your competitive advantage — the core functions that are critical to your organization’s current and future success and that distinguish you from your competitors
- Identify the critical roles linked to these strategic functions, including incumbents who would be very difficult to replace
- Identify the knowledge, skills, abilities and experience required for success in the business-critical roles
- Employ talent segmentation techniques to map key employees’ potential and current performance against requirements for success in each critical roll
- Create talent pools for each critical role
- Design and implement development plans to prepare talent pools for critical roles
- Retain talent pools until they can be deployed
