The long-term success of an organization requires identifying individuals with the potential and desire for advancement through succession planning. What happens when a position on your team becomes vacant? When an opening occurs, are you caught off guard? If so, you are left with a gap in your team because no one is ready to step into the role vacated. You can be left with unhappy customers. You will be left scrambling to find a replacement, and you may hire out of desperation. For the success of your business, in terms of revenue growth and customer satisfaction, it is essential to have a succession plan in place.
First thing in assessing talent readiness is to rank your employees.
- Review position essential to the business’ operations
- Review all staff job descriptions
- Rank you staff against the skills, behaviors, results, and competencies outlined in the above documents.