Succession Planning involves senior executives periodically reviewing their team and those in the various levels of the organization to determine future leaders. This is important because it often takes years of grooming to develop effective senior managers. The most significant issue that faces organizations today is the mass exodus of baby boomers preparing to move into retirement. Baby boomers are 75 million strong, followed by GenX’ers, a much smaller generation, 45 million. How will companies plan for this mass exodus of talent? Talent Blueprint’s systematic succession planning methodology employs a variety of approaches, which include Coaching, Mentoring and Job Fit.
We selected the right individual, aligned their work with the organizational goals, provided them with feedback and then identified the capacity to grow into other areas of responsibility, how we keep them motivated throughout this entire process.