The process of succession planning tends to focus on the development and preparation of individuals to assume posts of greater responsibility. Routinely this is applied uniformly across the organisation. It involves the rigorous evaluation of individuals and the drafting of specific individual development plans.
The implementation and facilitation of these plans can be time consuming and costly. Therefore, at DavittCorporatePartners, we advocate an approach to succession planning that is informed by a comprehensive risk analysis of the key individuals within the organisation.
By evaluating the contribution of the individual to the effectiveness of the organisation the potential impact of the loss of that individual can be calculated in terms of organisational effectiveness, continuity and performance. This information can then be used to make strategic decisions about how resources are deployed to support succession planning.
DavittCorporatePartners – Organisational Psychologists and Experts in Succession Planning.