While you’re probably doing a great job keeping employees happy, it’s almost impossible to have a 0% turnover rate. That’s why firms need to boost their bench strength using talent pools.
In today’s work environment, succession plans are too disconnected. They often only look for replacements in the specific department or – even more narrow – the team.
Why?
Because they’re not connected with other HR programs (e.g., workforce planning, performance management, and learning & development).
Not being connected causes duplicate efforts and inadequate development for other employees. And keeping the narrow focus on just the team or department means the firm misses out on opportunities for cross-functional development.
Change the way of thinking
When firms think about secession plans, it’s typically only in the realm of executive and senior leaders leaving and causing a vulnerability in the firm’s foundation.
But in all honesty, when a role is left vacant with no one to jump in and fill it at any level that also creates a crack in the foundation.
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