Showing posts with label succession planing. Show all posts
Showing posts with label succession planing. Show all posts

20100805

The Pedigree of Emerging Leaders

Key points for spotting emerging leaders:
  • individuals who consistently deliver ambitious results for the company
  • individuals who consistently demonstrate the ability to grow, adapt, and be more flexible than their other top performing peers
  • individuals who ask for opportunity and expand their capacity of operation and influence
  • individuals who take things to the next level (ie: imagination, creativity, product futures etc)
  • individuals who have strong powers of observation, judgment, reactions that are spot on, and EQ
  • individuals who are clear thinkers and have a point-of-view that may be counter to the trend, and finally
  • individuals who ask questions that are insightful that get the thought process into a creative frenzy.




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Tuning into their Brain - Employee behaviour for enhanced performance



Organizations have some form of program designed to nurture high-potential employees. However a recent study by the Corporate Executive Board revealed that 40% of "high-potential" job moves  produce disappointing results.
Disengagement of employees also is remarkable: One in three emerging stars reported feeling disengaged from his or her company. 
Even more striking, 12% of all the high potentials in the study said they were actively searching for a new job. 

Why do companies have so much difficulty in their succession planning?

The Corporate Executive Board's research revealed that senior managers make misguided assumptions about these employees and take actions on their behalf that actually hinder their development. When dealing with high-potential employees, firms tend to make six common errors: assuming that all of them are highly engaged, equating current performance with future potential, delegating the management of high potentials down in the organization, shielding promising employees from early derailment, expecting stars to share the pain of organization-wide cutbacks, and failing to link high potentials and their careers to corporate strategy.
In other words "tune into their brains".

Having knowledge of how our brain functions facilitates enhanced performance.

Key points to take into account are:
  • Learning should be broken down into "bite-size" to increase itsne absorbency and effectiveness.
  • Allow time for your people to integrate learning into long-term memory. 
  • Fairness and respect gives brain a chemical boost.
  • Stress inhibits clear thinking.
  • Uncertainty arouses fear that decreases the ability to make decisions.
  • Employees need some ownership over situations to better accept change.
  • Engaging people in more active learning techniques improves retention.
And here are some things you should do to keep your top talent on track:
  • don't just assume they are engaged - give them stimulating work, a chance to prosper, and recognition or they will walk
  • don't mistake current high performance for future potential - test candidates for ability, engagement, and aspiration
  • don't delegate talent development to line managers - this will limit the talents access to senior members
  • don't shield talent - place talent in live fire roles
  • don't assume top talent will take one for the team - compensate top talent differently and creatively
  • don't keep young leaders in the dark - share strategy with them







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Thinking Ahead Succession Planning - The Key to future success


"Thinking Ahead"  succession planning enables organizations to takeover new responsibilities in a much faster way and with least disruption in the business activities. 
An article highlights four best practices to ensure effective succession planning that can be implemented in any company - Analysis; Development; Selection and Transition.

Having a structure in place that carefully engages in those best practices will set the new leaders firmly towards future success.

Link to article >



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