Succession Planning & Management
It is Critical to Ensure Leadership Continuity by Building Competitive Capability From Within!
Businesses that don't take proactive steps to plan for future talent needs at all level using their entire diverse work force will face certain disruptions, heavy financial costs, and even disasters, when key employees retire or are lured away by competitors. Current research shows that on average, replacing 10 professional employees costs $1.2 Million! Replacing hourly employees can easily cost the equivalent of 6 months salary and benefits! Hubbard & Hubbard, Inc. has the research numbers which prove it!
It doesn't matter whether you are a for profit, non-profit, government, or any other kind of organization, retention of high-caliber employees is a critical key to competitive success and turnover a continual constraint on organizational growth. "Intellectual Capital" is truly an organizational asset. A major asset!
Hubbard & Hubbard, Inc. can provide an in-depth, complete succession planning system to help you build, revitalize, or evaluate your succession planning efforts. We can assist you with the electronic software, self-assessments, organizational analysis, measurement systems, and other tools necessary to give you the confidence you need to more accurately gauge your succession planning process.
Our processes offer proven, step-by-step approaches to succession planning that allow you to:
| Identify core technical and behavioral competencies essential to organizational performance |
| Identify competencies and clarify values for planning and managing a succession process. |
| Develop systems to plan for and quickly fill crucial vacancies at all levels |
| Calculate the cost of poor succession management and its organizational impact |
| Develop strategic executive and management coaching and mentoring competencies |
| Apply methods to develop and retain top talent that builds and preserves your organization's intellectual capital |
| Assess current and future resources for seamless succession planning |
| Integrate these processes into your current operating environment with minimal disruption |
| Use online, web-based and other technology tools to organize and implement your succession planning process |
| Measure the impact and success of your succession planning efforts in dollars and cents! |
We can help you effectively work through each stage of our human capital continuity process...
The H&H Effective Performance and Succession Processtm
| Gaining Buy-In |
| Interviews and Analysis |
| Objective setting Workshop |
| Competency and Values Clarification |
| The Business Case for Change |
| Setting Up an Effective Succession Planning & Management Process |
| Assessing Present Work Requirements and Job Performance |
| Assessing Future Work Requirements and Individual Potential |
| Developing Internal Successors |
| Assessing Alternatives to Internal Development |
| Applying Online and High Tech Approaches to the Succession Planning Process |
| Measuring and Evaluating Succession Plan Impact and Performance |
| Refining the Process |