Succession and leadership development planning programs
The right approach to effective leadership development will help you protect your business's future. Succession planning is a key part of this approach.
Helping your team establish leadership professional development plans and opportunities enables them to take ownership of their personal development—whether that’s through mentoring, skills assessment programs, online learning, or in-house development.
These leadership development techniques can help you nurture the next generation of star performers and develop future company leadership teams. They also present an opportunity to develop an individual’s ability to contribute to the company’s revenue and performance overall.
Employees seeking professional development opportunities will expect feedback and answers to questions like:
"What skills and training do I need to develop to the next level?"
"How can I gain more leadership experience within my current role?"
"What role does mentorship play in my development?"
If you can answer these questions and mark the learning milestones of your talent, you will retain and develop your employees into leaders over time. That’s good news for getting succession planning right.
What is a leadership development program?
A leadership development program is a comprehensive plan that supports the growth of an employee into a predetermined leadership role. This strategy cultivates the specific qualities for serving the leadership position within the company.
An effective leadership development program actively encourages employee growth in line with larger company objectives and is key to long-term organizational success.
How to create a leadership development program
Follow this simple 5-step process to build the framework for an effective leadership development program.
Identify the necessary skill set for the leadership position.
Assess the existing abilities of potential leaders within your company.
Determine how you will foster required skills.
Maintain continued development practices.
Monitor the leadership development program results.
Succession planning for tomorrow
Develop a highly skilled workforce to lead you into the future of business.
Identify top talent
Leadership development programs take time and effort. HR software that can tell you who is performing, who was recently promoted, and who exceeds expectations will help you keep track of star performers.
Career development programs
Talent management is more than just a performance appraisal tool or process. You must consider an ongoing career development program, including classes, course requirements, programs and certifications, and more. Similarly, tracking performers who excel and then rewarding them accordingly will help with business succession planning.
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