Case Study - To Know About Succession Planning In 15 Minutes

 

case study on succession planning

Succession planning is a continuous activity and not just a periodic ftcayqndp.gq Elements of Succession PlanningThe first step to a successful succession planning is having a comprehensive and effective talent mapping and assessment system. The lack of succession planning is not uncommon in a majority of states. In a survey conducted by the International Public Management Association for Human Resources, only 37 percent of their members indicated that they had a formal workforce planning process in place (MAMA , 1). Jul 10,  · Succession planning Magazine Article Michael E. Porter Even the best-prepared new chief executives can be blindsided by the realities—and limitations—of the job.


5 Case Studies In Successful Succession Planning


It also aids in continuity within the organization. In this paper I will discuss four elements of a succession plan that is needed to be assessed for a successful plan program: 1 roles and responsibilities, 2 recruitment strategies, 3 retention strategies, 4 training and development. This plan may persuade talented employees to remain with the organization versus looking for talent growth elsewhere.

The strategic goals of the organization must be identified for case study on succession planning practical design and execution of succession planning. I will use resources from the internet and personal experience to discuss and develop a succession plan. I will also look at some existing retirement succession plans that are already in existence, which will guide me through the process.

I expect for the sources to provide me with the knowledge to understand the reason for the process, advantages and disadvantages of this type of plan. The lack of succession planning is case study on succession planning uncommon in a majority of states, case study on succession planning. In a survey conducted by the International Public Management Association for Human Resources, only 37 percent of their members indicated that they had a formal workforce planning process in place MAMA1.

Most departments within the City of Miami has some sort of workforce planning effort already in place which include the development of plans for staffing and succession, assessments of training needs, strategies and plans for recruitment and retention, and projections for retirement.

This type of plan will take time to develop. The problem is that the City waits case study on succession planning the last minute to rehire for hose that are retiring and wait until the last minute to train, case study on succession planning, if they train at all. The plan is in place to help solve staffing problems and manage scheduled retirements.

The goal of this process is to assist department directors in staffing their department to achieve its strategic goals. Roles and Responsibilities The department director involves the Department of Human Resources DIR in the strategic and operational planning process, while communication staffing needs to employees so they can take responsibility to learn new skills and get crossed trained in new areas of their department.

Department directors are responsible for allocation of resources and should drive the workforce planning recess. DIR will be available to help and support department directors by acting as a consultant and resource. This assistance will be case study on succession planning when all partners understand the business and business context, case study on succession planning. Below is a projected timeline that will provide a forum in which the departments address staffing-related issues.

During the review, the departments will also introduce and prioritize position change request, which will be taken into consideration for implementation. March Workforce planning session will be conducted with departments. April — August Ongoing consultation and development of strategies to implement action plans.

June — July Funding recommendations to propose to Budget. October — February Ongoing consultation and development of strategies to implement action items. Recruitment Strategies The responses of these different state employees indicate that state agencies are aware of the need to engage in case study on succession planning planning, but that they are either reluctant or unable to do so.

Most of the individuals I spoke with told me that although they were anxious to implement succession plans in their departments they lacked adequate funding.

Several departments I examined have taken the first steps in workforce planning, but there is still much to be done. The first step agency officials should take to prepare a succession plan is to examine the literature that exists on how to create and implement a succession plan.

By examining the literature, agency officials can begin to establish both the structure and the content of a succession plan. Succession planning occurs as a series of steps or events that build on one another. Laving8 provides a conceptual five-step process for developing a succession plan: 1.

Compare the current workforce to future workforce needs I. Develop HER policies, plans, and approaches to eliminate gaps and surpluses and therefore build the workforce of the future 5. Retention Strategies Retention strategies should enhance workforce motivation, commitment, and performance around mission accomplishment MOM Many times the City of Miami will find it necessary to go beyond traditional recruitment advertising by utilizing integrated marketing programs that include Job postings, featured employer listings, email marketing campaigns, radio announcements and banner advertisements.

To be effective, the city should determine its wants and needs and develop a plan to increase the brand awareness to effectively market their open positions to attract qualified talent. Training and Development Retention strategies implementation should measure the turnover rate and identify a process and the departments responsible for containing it. Manager should think better, bigger, brighter, broader, bolder, positive and set higher daring goals.

One strategy that may help is the ability of the employee to speak his or her mind freely within the organization is key factor in employee retention. Employees like to feel as though they can offer ideas, feel free to criticize and commit to continuous improvement. If not, they continue to keep things to themselves and do not feel as though they are part of the team. Offering an attractive and competitive compensation package is another retention strategy.

Fair compensation alone case study on succession planning not guarantee employee loyalty, but offering below-market salaries does not make it easy for an employee to help keep retention. When offering benefits, they need to be quantified and qualitative. Train your front-line, managers and administrators so they are crossed trained in other areas in the department, case study on succession planning.

Case study on succession planning these key skills in their evaluations, and tie compensation to their performance. Make sure your managers arena driving valuable talent away. It has been said several times that employees leave their Job because of management and not the work. You should reiterate that the competencies and substantially invest in human capital irrespective of return of Promote enhancement, advancement and progression opportunities, case study on succession planning.

To nurture employee loyalty, implement a career ladder and ensure employees know what they must do to earn and move forward in progression. A clear professional development plan gives employees an incentive to stay with the company. Do away with you Performance Management System and use on the spot performance rewards.

You should value your employees. You have to be creative and think outside the box. Identify case study on succession planning potential of the employees and to develop them for future positions and advancements. Offering retention bonus to employee for longevity typically is rewarded with an annual raise and mandatory vacation time after so many years I.

If you build a high degree of recognition value into every reward you offer; employees will feel motivated to stay with the organization. Troubleshoot your reward system to make sure that what it is rewarding is what you really want to happen. Encourage teamwork and build cross functional teams within he department.

It takes effort to build an effective team, but the result is greater productivity, improved use of resources, improved customer service and increased morale. Give great emphasis on cross functional approach as it endorses acceptance and accountability.

Encourage discussion, participation and the sharing of ideas. Rotating leadership responsibilities also promotes cross training and professional development. Encourage team members to show appreciation to their colleagues for superior performance or achievement, case study on succession planning.

I have learned that succession planning is a part of the process of preparing for the future of an organization. Does this mean you should only plan a succession path for your CEO? I would suggest that essentially every key position and key personnel in your organization is a candidate for a succession plan.

The important impact is that it is not practically impossible to successfully promote someone. But it would be an asset to the department to have a trained person to take over the position being vacated. To be realistic, a succession plan must be planned years in advance of expected needs. For example, if someone is expected to be a general manager, the number of departments, the types and ranges of technologies and processes, the level of knowledge about the company procedures and policies, markets and customers, suppliers, employees, and contractors will determine the time and depth of involvement.

Additional resources, such as past experience and current knowledge that the individual brings to the process, will also effect the succession time frame. Conclusion One of the main purposes of succession planning is to identify groups of employees that state an intention to leave due to retirement or for some other reason. Another purpose is to identify factors that might either influence the employee to not leave, delay exit, or, in the case of retirees, induce returning to work in some capacity after retirement.

This will continue to be important in the future as employees continue to age. Although management succession planning can be problematic and even painful, it is vital to ensuring the continuity and perhaps even the continued existence of businesses following the departure of an employee. It may be helpful to consider succession planning as an extension of employee development programs.

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Succession Planning Case Study | Droste Group

 

case study on succession planning

 

Oct 01,  · GE Succession Planning - A Case Study, talks about the succession planning methodology to choose Jack Welch. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Succession planning is a continuous activity and not just a periodic ftcayqndp.gq Elements of Succession PlanningThe first step to a successful succession planning is having a comprehensive and effective talent mapping and assessment system. Jun 11,  · Everything You Ever Wanted To Know About Succession Planning In 15 Minutes {free case-study} Home» Everything You Ever Wanted To Know About Succession Planning In 15 Minutes {free case-study}» Employee Appraisals» Everything You Ever Wanted To Know About Succession Planning In 15 Minutes {free case-study}.