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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.

Developing tomorrow's leaders today

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.

  1. Identify the necessary skill set for the leadership position.
  2. Outline a set of specific qualities and skills that will best serve the role you want to develop. Make sure it’s comprehensive and helps candidates contribute to achieving your organization’s goals.

  3. Assess the existing abilities of potential leaders within your company.
  4. Evaluate your employees’ strengths and weaknesses in the context of the desired leadership role. Keep a list of any employees whose skill set already play into the potential leadership role.

  5. Determine how you will foster required skills.
  6. Many components of your leadership development plan will be unique to the employee completing it and the leadership role they’re preparing for. However, you should have a basic set of guidelines in place for posterity’s sake, to measure growth, and to chart progress over time. Your leadership plan may change over time, but some core tenets may remain. It’s always good practice to see how your roles and requirements for positions change with time to meet the demands of your company, as well as your industry’s evolution.

  7. Maintain continued development practices.
  8. Development doesn’t stop when an employee completes the program. It’s important to routinely put the employee in situations to hone their skills and give them opportunities for applying said skills.

  9. Monitor the leadership development program results.
  10. Keep tabs on employees who complete the leadership development program. Track their promotions and gather feedback on how well they display and further develop the leadership qualities they were trained for.

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.

The right HR solution to meet your needs

Sage Business Cloud

People

Transform how you manage and engage your workforce with our global cloud HR and People management solution

  • Increase team efficiency and productivity through the automation of key tasks and workflow
  • Empower teams to do their best work, by providing tailored and meaningful experiences that matter
  • Get instant workforce visibility and actionable insights, from a single source of truth
  • Engage your workforce via a tailored and branded self-service portal
  • Benefit from unparalleled reliability and security, while meeting global and local compliance requirements
  • Stay compliant with secure Canadian data residency
Find out more

Sage HRMS

A complete on-premise human resource management solution that will help you maximize every dollar you invest in your employees.

  • Manage time and attendance
  • Go paperless
  • Manage your employee benefits
  • Make smarter decisions about your people
  • Use powerful HR add-ons
Find out more

Do you want business advice about managing your people ?

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