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SUCCESSION PLANNING What Will Your Legacy Be? NSHE June 6, 2013
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Introduction
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Topics How do I make a plan? What are my options? Why does succession planning matter? 4 things we can all count on. What is a legacy and what is yours?
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Organizational/C-Suite Buy In Without Senior Management support, frustration is inevitable Consult with Human Resources: They have the tools First, sell the concept
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Candidate Selection Identify the prospects Share your plan with them Prepare for some unexpected responses/reactions
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Mentoring/Coaching Assignments/Projects Frequency Review experiences & lessons learned Shift gears when necessary
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Keys to Succession Planning Shadowing Internships Community Professional Network
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Assessment Tools Skills Assessment Selecting for “the fit” Leadership Style
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Why Does It Matter? The Four Absolutes in life: 1. ALL of us will die eventually 2. MOST of us will retire 3. SOME of us will leave a legacy 4. NONE of us can take it with us
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“It’s not what you take when you leave this world behind you, it’s what you leave behind you when you go.” Randy Travis - 3 Wooden Crosses
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Choosing the Right Successor Why did you choose your profession? Great employees do not necessarily make great leaders. Can leadership be taught?
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The Statistics Don’t Lie Audience poll 78 million Baby Boomers are turning 65, at the rate of 1 every 10 seconds. 3-4 million will turn 65 this year alone They represent 28% of the US population The two industries most impacted: Healthcare & Construction
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Legacy: “Something handed down from an ancestor or predecessor. A gift.” What do you want yours to be? The Servant Leadership Concept
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Closing Thoughts
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