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Published byJulianna Horton Modified over 9 years ago
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Career Development & Succession Planning (CDSP)
Talent Management Career Development & Succession Planning (CDSP)
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Integrated Approach BUSINESS STRATEGY RESULTS BUSINESS Recruitment &
Selection Career Management Performance Management BUSINESS STRATEGY RESULTS BUSINESS Rewards Management Talent Management Training & Development Senior Management Development Succession Planning July 11, 2007 swati Smita
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Aim Foster a process of building leadership capability across the lines of business / support functions The emphasis is on developing a broad spectrum of talent within the management ranks so that the availability of internal talent will not be a constraint to the organization's strategic direction Identify the key leadership success factors July 11, 2007 swati Smita
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Outcomes Retention and development of high potential employees
Builds internal staff capabilities (bench strength) for the emerging organizational demands Maps various succession options Facilitates developmental moves across the organization Establishes a professionally managed organization with the systems in place to ensure that it will have effective leaders going forward July 11, 2007 swati Smita
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Contemporary Issues: Changing Nature of Work & Organization
Demographics (net-generation, diversity) Globalization Technology Redefined concept of ‘Loyalty’ Challenges in differentiating high performers from poor performers Wanted Rapid career progression July 11, 2007 swati Smita
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Talent Management BUSINESS STRATEGY RESULTS BUSINESS Recruitment &
Selection Career Management Performance Management BUSINESS STRATEGY RESULTS BUSINESS Rewards Management Talent Management Training & Development Senior Management Development Succession Planning
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Early Models of CD Walker, 1973 July 11, 2007 swati Smita
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Early Models of CD (Cont.)
Reif & Newstro, 1974 July 11, 2007 swati Smita
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Career Active System Triad (CAST) Baruch (2004)
Level Individual Organization Values Aspirations Philosophy / Strategy Approaches Attitudes Policies Behaviors Actions Practices CAST integrates individual and organizational focus to career development – it is an active system CAST is set at the three level of analysis – Values - The basic underlying level – the principle, ,orals, culture – forms the roots from which the other levels emerge. Approaches and assumptions – translates those values into the third level, Behavior - Action and practice. Serve as the framework for the discussion and for providing the balanced view point July 11, 2007 swati Smita
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Elements of Career Management
Individual (Self) Assessment of Abilities, Interests, career need and goals Organizational Assessment of employee abilities and potential Communication of information concerning career opportunities with the organization Career Counseling to set realistic goals and plan for their attainment self-exploration and analysis – self assessment (e.g. workshops, tailor made work books by IBM, Xerox, GM & GE) – we can also develop same at our end Accurate assessment – AC, biographical information, PMS and current job history Informal or formal? Informal – employee learn about career development opportunities from their supervisors within the context of developmental performance appraisal and interviews. Formal – traditional/behavioral career paths identified and communicated through work-books etc Possible career directions, possible career advancements, specific job vacancies Developmental performance appraisal interviews, identify gaps and developmental opportunities July 11, 2007 swati Smita
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Talent Management BUSINESS STRATEGY RESULTS BUSINESS Recruitment &
Selection Career Management Performance Management BUSINESS STRATEGY RESULTS BUSINESS Rewards Management Talent Management Training & Development Senior Management Development Succession Planning
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Succession Planning -Definition
Strategic, systematic and deliberate effort to develop competencies in potential leaders through proposed learning experiences such as targeted rotations and educational training in order to fill high-level positions without favoritism (Mathew Tropiano, 2004) Deliberate and systematic effort by an organization to ensure leadership continuity in key positions and encourage individual advancement (St-Onge, Mercer) A structured process involving the identification and preparation of potential successors to assume a new roles Structured – process having some reliable structure and/or custom and not ‘just-in-time’ identification of successor Identification & preparation - July 11, 2007 swati Smita
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WHAT IS SP? Why SP? Constant change planning
An organizational journey, not a project Ensuring continuity of leadership Identifying gaps in existing talent pool Identifying and nurturing future leaders Why SP? Organization supersede Individuals – visionaries are those who groom their young ones to take the lead position and to take the cause of organization forward July 11, 2007 swati Smita
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Succession Planning Model
Results Talent Driven culture Accelerated Development Vision for future advancement Education and Training Self Development Accountability Measurability Competency driven Strategically Targeted Rotational Assignments Future Competencies Needed Aligned with Strategic Plan CEO/ Leadership Commitment & Involvement Succession Planning Model Ref: Troopiano, 2004 July 11, 2007 swati Smita
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Challenges in SP July 11, 2007 swati Smita
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Source: Aberdeen Group, September 2006
Benefits of SP Source: Aberdeen Group, September 2006 Tells about the extent to which leadership job openings can be filled from the internal pool the av. no. of qualified candidates for each leadership position the number of positions with two or more ‘ready now’ candidates the attrition rate from the succession pool July 11, 2007 swati Smita
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Link to strategy as more aspirational than actualized – even in best practice companies
Garman & Gllawe, 2004 July 11, 2007 swati Smita
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Top level succession planning different
July 11, 2007 swati Smita Garman & Gllawe, 2004
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Remember Succession plan may be expected practice – its absence is more a curse than its presence a blessing Succession program should limit their focus to linch-pin positions – those considered most critical to the organization’s need. July 11, 2007 swati Smita
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BEST PRACTICES in CDSP: CASE STUDIES
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Case 1: Petrofac Learning and Development Team in Aberdeen
Investor in People (IiP) company Competent Person Profile (CPP) This framework of competence allows all staff with potential to be measured against the higher level positions in the organization a development plan designed and implemented and thus contribute to the Succession Plan for the company as a whole. Petrofac award-winning and industry-accredited competence assurance scheme called the Competent Person Profile (CPP) July 11, 2007 swati Smita June 1,
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Case 2: Novartis-China Four core Principles towards identifying and developing talents Grow leaders from within Novartis Fill 70% of the position with internal associates Each associate has a developmental plan Each associate has minimum two career and development discussions per year Engage: 1. Develop talent through traditional, but world class, training and on-the-job learning. E.g. BiMBA development program (Beijing International MBA program and is a Sino-US educational join venture at Peking University), leadership training through two axis – from global to local through localised corporate programmes and though global Novartis corporate learning programmes July 11, 2007 swati Smita
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+ = X Leadership Job A Pipeline of Experiences Leaders to Talent
Grow the Business Leadership Talent Job Experiences Continuous Learning + = X Processes and Tools Leadership standards/values and behaviors Functional Competency Models Executive Interview guides Manager’s Toolkit for Assessing and Developing Potential Processes and Tools Organization and talent Review Process (OTR) Talent Management System (TMS) Talking Talent Career Maps Performance Management System Processes and Tools Learning Programs Accelerated Developmental Programs Mentoring 360o Feedback Development Planner LD at Novartis (Cont.) July 11, 2007 swati Smita
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LD at Novartis-China (Cont.)
Engaging Internal Talent Provide Training Deploy talent in new, exciting and ‘stretch’ assignments and provide clearly defined career paths Connecting employees so that they can learn from their experienced peers and other professionals Engage: Develop talent through traditional, but world class, training and on-the-job learning. E.g. BiMBA development program (Beijing International MBA program and is a Sino-US educational join venture at Peking University), leadership training through two axis – from global to local through localized corporate programs and though global Novartis corporate learning programs Manager’s Toolkit for Assessing and Developing Potential, Organization and Talent Review (OTR), includes “Talent Management System” and “Talking Talent”. 5 main mechanism to enhance continuous learning -- learning programs, accelerated development programs, mentoring, 360o feedback and development planner. July 11, 2007 swati Smita
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Case 3: Research on Best Practices
Best Practice Partners – 5 companies Dell Computers Dow Chemical Company Eli Lilly and Company Pan Canadian Petroleum Sonoco Global Products Ref: Fulmer (2002) Choose Tomorrow’s Leaders Today: Succession planning grooms firms for success July 11, 2007 swati Smita
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Best Practices: What they did right
Effective succession management is a journey – not a destination Deployed a Succession Management Process succession management is continuous annual process Business units responsible for ‘deliverables’ HR typically responsible for the tools and processes Technology to facilitate the process (short, simple and flexible) Identified the Talent Pool cyclic continuous identification process used core set of leadership and succession management competencies Talent assessment – semi transparent process Engaged the Talent Pool IDPs for each employee developmental Activities – special assignments, action learning, web-based development activities Monitoring & Assessing method of assessment to monitor the succession planning process July 11, 2007 swati Smita
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Recommendations from their exp.
Keep the process simple Engage technology to support the process Align succession management within overall business strategy Secure senior level support for the process The last two suggest that there is ‘virtuous cycle’ when the succession system supports corporate strategy in a tangible way July 11, 2007 swati Smita
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