Succession

Many large companies have learned that it is a much better investment to groom future executives than to hire them from the open market. But that can’t happen unless you staff your team with the right “types,” as other talent management components can help you to do.

Once you have a well-populated pool of talent, you can begin profiling successful executive incumbents, to determine targets for future advancement. This strategy can help you target their development activities and resources, assign project teams and assignments, and so on to those individuals predicted to be the successful future leaders of your organization.

It’s all possible by knowing the science behind the selection of those future leaders. Reduce lost development resources, burn out and voluntary turnover. Start planning your company’s future.

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