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Succession Planning: Developing Talent from Within

Ensure your organization always has well-trained, experienced people in key positions.

Research shows that most companies have little or no deliberate succession planning in place—and aren’t fully aware of how much the lack of it can cost their organization, especially in an unstable economy. Managing the succession of talent is a vital strategic process that minimizes gaps in leadership and enables your best people to develop the skills necessary for possible future roles. This seminar will show you how to design and implement an effective and flexible succession plan that will help your organization continue to grow and achieve its business goals.

Seminar Number: 08110

4.8
(59 reviews)
  • Live Online
  • At Your Company Location

Course Scheduling & Pricing

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Who Should Attend

Mid to senior level managers; business unit heads; human resources personnel and organizational development professionals.

  •   Live Online2 Day(s)
    12 CAE, 1.2 CEU, 12 PDCs, 12 PHR, 12 PMU, 12 SPHR
 
 

Research shows that most companies have little or no deliberate succession planning in place—and aren’t fully aware of how much the lack of it can cost their organization, especially in an unstable economy. Managing the succession of talent is a vital strategic process that minimizes gaps in leadership and enables your best people to develop the skills necessary for possible future roles.

This seminar will show you how to design and implement an effective and flexible succession plan that will help your organization continue to grow and achieve its business goals.

  • Learn to formulate strategies for attracting, retaining and developing skilled individuals
  • Know how to develop future leaders from within while retaining intellectual/operational expertise
  • Be able to sustain business relationships that are vital to your organization’s success
  • Develop a targeted approach to identify the competencies needed for specific positions
  • Help increase retention by matching your company’s needs with the aspirations of individuals
  • Succession planning: an overview of its importance, function and methodology
  • The role of HR in setting up a succession planning system
  • Forecasting future needs and strategic alignment
  • Developing the succession planning process
  • Building individual development plans
  • Effective monitoring, measuring and follow-up processes

Learning Objectives

  • Define Succession Management and Why Leaders Must Focus on It
  • Identify Where Succession Management Fits Within Managing Talent
  • Recognize Where Your Organization Is on the Succession Journey and What Your Role Is In Continuing the Journey
  • Identify What to Assess to Have Leaders Ready for Change
  • Write Individual Development Plans (IDPs) That Help Leaders Grow Faster
  • Develop Succession Strategies That Are Aligned with the Organization’s Business Strategies, as Well as Millennial Values and Goals
  • Develop Metrics for Measuring and Evaluating the Organization’s Succession Process
  • Implement Succession Management Programs That Meet the Needs of Your Employees and Your Organization

Building Competitive Advantage with Talent—It’s a Journey

  • Recognize How Traditional Succession Planning Fits into an Organization’s Overall Talent Management Strategy
  • Identify the Six Levels of Succession Management Programs and Recognize Where Your Organization Is on the Journey
  • Describe the Five Steps of Succession Management in Today’s Organizational Environment

Using Business Strategy to Determine Talent Needs

  • Identify Trends Impacting Your Business Strategy
  • Explain Your Organization’s Business Strategy and How That Impacts Succession Planning
  • Describe the Attributes, Traits, and Competencies That Align to Specific Business Strategies
  • Recognize Your Own Personal Strengths and Weaknesses Related to Learning Ability

Assessing Leadership Potential

  • Define Leadership Potential and High Potential
  • Describe Criteria for Identifying High Potentials
  • Utilize Tools for Identifying and Assessing Potential
  • Support the Use of Assessments as the Best Practice for Assessing Talent
  • Recognize the Impact of Transparency or the Lack of Transparency on Employees
  • Facilitate Talent Review Meetings

Identifying Readiness and Thinking Creatively About Development

  • Create a Process for Reviewing and Developing Employees Throughout the Year
  • Select Tools and Forms That Support Your Process
  • Recognize What Makes Leaders Grow Faster
  • Apply the 70-20-10 Framework to Individual Development Plans
  • Conduct Interim Review Meetings Initiated By the Employee
  • Identify the Impact of Millennials on Talent Management

Measuring and Evaluating Succession Management

  • Recognize the Importance of Using Metrics to Evaluate Succession Planning in an Organization
  • Identify Areas That Should Be Measured
  • Describe How Predictive Analytics Can Be Used in Succession Planning
  • Determine Which Metrics Will Be Most Useful to Your Organization
  • Recognize the Role Intuition May Have in Succession Planning

Action Planning to Advance Overall Succession Planning for the Organization, Yourself, and Your Team

  • Apply Some of What You’ve Learned to the Three Major Areas of Your Organization

Download Extended Seminar Outline PDF

View a Sample of Our Reviews

4.8

59 reviews

 
I felt that the class was very enlightening about the importance of having a Succession Plan in place so the company is ready for any unforeseen event. We all hope to be able to determine when we are ready to make an exit, but in reality emergencies happen all of the time. We also need to be constantly tweeking the plan because of the constant changes in life. Like I say, have Plan A in place and flexible enough to go to Plan B.
4
Susan W.
 
Human Resources
 
Industry: Manufacturing
The instructor did a great job presenting the course material. I walked away with great tools and resources that can be used to implement success planning efforts at any organization. Time very well spent!
5
Tihara C.
 
HR Business Partner
 
Industry: Organizations
Excellent real world examples and resource references for continued learning. Information was provided to adapt best practices to different organizations.
5
Monica M.
 
Executive Director
 
Industry: Government
The course is well designed and provides participants with the what, why, and how to implement a Succession Planning program in their company.
5
Laura M.
 
HR Manager
 
Industry: Software
It was a well-organized seminar where I learned a lot. The instructor added value with her examples. I feel confident I can bring succession planning to my organization.
5
Kathleen L.
 
Director
 
Industry: Hospitals & Physicians Clinics

This course is valid for 12 PMUs.
9 Relationship Management [RM]
3 Business Acumen [BA]

As a CAE Approved Provider educational program related to the CAE exam content outline, this program may be applied for 12 credits toward your CAE application or renewal professional development requirements.

The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.

American Management Association is accredited by the International Association for Continuing Education and Training (IACET) and is accredited to issue the IACET CEU.

AMA is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM.

Live Online Schedule

3 Sessions Available

I felt that the class was very enlightening about the importance of having a Succession Plan in place so the company is ready for any unforeseen event. We all hope to be able to determine when we are ready to make an exit, but in reality emergencies happen all of the time. We also need to be constantly tweeking the plan because of the constant changes in life. Like I say, have Plan A in place and flexible enough to go to Plan B.
4
Susan W.
 
Human Resources
 
Industry: Manufacturing
The instructor did a great job presenting the course material. I walked away with great tools and resources that can be used to implement success planning efforts at any organization. Time very well spent!
5
Tihara C.
 
HR Business Partner
 
Industry: Organizations
Excellent real world examples and resource references for continued learning. Information was provided to adapt best practices to different organizations.
5
Monica M.
 
Executive Director
 
Industry: Government
The course is well designed and provides participants with the what, why, and how to implement a Succession Planning program in their company.
5
Laura M.
 
HR Manager
 
Industry: Software
It was a well-organized seminar where I learned a lot. The instructor added value with her examples. I feel confident I can bring succession planning to my organization.
5
Kathleen L.
 
Director
 
Industry: Hospitals & Physicians Clinics
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