This session will provide a practical overview of Succession Planning, and will address a number of common questions that many people have on the subject, including: What is Succession Planning, and why is it important? What is Talent Management? What is Knowledge Transfer? How do Talent Management and Knowledge Transfer intersect with Succession Planning? What are the steps in the Succession Planning process? Who needs to be involved? Three Succession Planning Models. Some of the research examples in this presentation are drawn from research done by the Society of Human Resources Professionals in the United States. As part of this session Stephen will take attendees through a practical case study that is intended to highlight some of the challenges that Human Resources and business leaders typically face in reviewing and identifying qualified candidates to backfill key roles in organizations.
Attendees will gain:
- a deeper understanding of succession planning, how it links to talent management and knowledge transfer;
- the elements that go into an effective succession planning system;
- the steps in a succession planning system;
- how to establish a succession planning system within their organization. As well, participants will participate in a small group exercise that provides a practical introduction to succession planning, and how to assess the performance and potential of various hypothetical candidates