Leadership at all levels is critical to the organization’s continued success and smooth operation. In order to ensure that there is a deep bench ready to take over, the center needs to consider establishing a Succession Planning and Management Program. A functioning succession strategy helps prevent disruptions when supervisory or managerial positions are vacated. Through this plan, managers are able to prepare employees to succeed when they assume higher responsibilities. It also helps employees create a clear path toward their desired position in the organization. Having this in place will help the organization develop future leaders and prepare the organization for eventual transitions brought about by employee departures.
We at ExeQserve Corporation believe that an effective program must consider the following factors:
- Senior executive’s commitment to the development
- Organizational reinforcement of development
- Hiring for organizational fit
- Exacting performance standards
- Full business exposure for rising executives
- Selecting successors for their leadership ability
- Focus on scarce skills and fit with the position.
We propose to use the same factors as a basis for developing the company’s Succession Planning and Management Program.