The Importance of Breadth and Depth in Your Succession Plan
Succession planning 𝗶𝘀𝗻'𝘁 𝗮𝗯𝗼𝘂𝘁 𝗳𝗶𝗻𝗱𝗶𝗻𝗴 𝗿𝗲𝗽𝗹𝗮𝗰𝗲𝗺𝗲𝗻𝘁𝘀; it's about creating leaders. 𝗜𝘁'𝘀 𝗮𝗯𝗼𝘂𝘁 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮l within your organization today, to ensure a strong leadership pipeline for tomorrow.
In all the years I helped companies with their leadership development there was always one burning question: Can you really teach leadership?
The answer is yes – but it’s not easy and it’s not fast.
The same is true of succession planning.
Although I would say it IS easy – if you have the right plan… but it’s still not a fast process.
Part of the reason it is not fast is the need for breadth and depth in succession planning.
Breadth of Organizational Knowledge/Experience
Breadth in a succession plan refers to the variety and diversity of experiences and expertise that individuals in the succession pipeline possess. It involves having a pool of potential successors who have gained a wide range of experiences across different areas within the organization. These individuals should understand the functioning of the organization as a whole rather than simply being experts in their specific roles or departments – which is what “leadership” looks like in most organizations today.
Having individuals with diverse experiences and backgrounds in the succession pipeline is crucial for several reasons:
1. Holistic Understanding of the Organization:
Employees with diverse experiences throughout the organization have a comprehensive understanding of how different departments and functions operate and intertwine. This knowledge is vital for effective decision-making at higher levels when organizational decisions must be made.
2. Adaptability and Flexibility:
Exposure to various roles and functions fosters adaptability and flexibility in future leaders. They are better equipped to respond to changes, challenges, and opportunities, which is especially important in today's dynamic business environment.
3. Cross-Functional Collaboration:
Individuals with experience in multiple areas can bridge invisible barriers and facilitate collaboration between different parts of the organization. Collaboration fosters teamwork and innovation which in turn enhances overall organizational performance.
Depth of Generations
When you have depth in your succession plan, you have multiple layers and generations of potential successors. It is important to cultivate talent at different stages of their careers and identify individuals who can step into critical roles as they progress within the organization.
1. Long-Term Talent Development:
Identifying and nurturing talent early in employees’ careers allows for a long runway of development opportunities, which is crucial for learning behaviors. If you expect a future leader to be knowledgeable in the operations of the whole company – that will require many years of experiences to achieve.
2. Employee Engagement and Retention:
Employees are more likely to stay if they know that your company offers a future for them and a path for career growth.
Incorporating both breadth and depth into your succession plan ensures a comprehensive and robust approach. It's about not only having a diverse pool of potential successors but also nurturing them at different stages of their careers for a seamless leadership transition.
Remember, succession planning is about preparing for a sustainable and thriving future.
This article was originally published on LinkedIn
Succession Planning? Start Here.
Many organizations are facing an impending loss ofleadership as the last of the Boomers are getting ready to leave the workforce.With the start of a new decade upon us, now is the time to plan for the next generationof leaders. But where to start? If your company does not have a leadershipdevelopment program in place, or if you haven’t really given much thought to howyour company will make an orderly transfer of leadership responsibility, 2020is the year to focus on this critical planning.
Below, I’ve outlined the first three steps in successionplanning. So as not to get overwhelmed, address them slowly over the next sixto twelve months and your organization will be ready to smoothly transfer thereins of leadership as the Boomers in your company begin to retire.
Step 1 - Consider who is next in line for leadership
The outcome of this step is to determine where you want toconcentrate your leadership development efforts in order to achieve the most ROI.Do you want to concentrate your efforts on those who have been with yourorganization the longest and therefore understand its inner workings andculture? Or do you want to concentrate on younger generations who are lookingfor professional development as a primaryperk of employment and who may be with your organization longer, as aresult?
To gain better insight, take a look at who you presently employand what generational cohort they belong to. Currently there are fourgenerations in the workforce, the Boomers, Gen X, the Millennials and Gen Z whoare just entering the workforce. It is logical to assume that Gen X, being thenext generation after the Boomers, would be next in line to lead in yourorganization, but there aren’tenough of them. In addition, in a recent study conducted by TheConference Board, of data collected from over 25,000 leaders acrossindustries, it was determined that Gen X have been stymied from moving up thecorporate ladder by Boomers who have stayed on the job longer than previousgenerations. What this means is that there are a number of generations in yourworkforce who have not been indoctrinated into leadership development orleadership roles.
Determining where to apply development efforts is a criticalfirst step in determining your company’s leadership pipeline.
Step 2 - Determine What Skills Your Future Leaders Need
Once you determine who you’ll want to develop (as anaside, I advocate developing everyone as if they were going to be afuture leader; a rising tide lifts all boats, after all) you’ll need to identifywhat skills they will need to support your organization in the future.
To accomplish this, there are three sources of data you’llwant to collect and consider:
1 Look at the jobdescriptions of each of your current leadership roles to determine what skills areidentified as necessary in today’s environment. This is just a baseline, as weknow that today’s business environment is accelerating and changing at a pacenever experienced before and what your organization needs today may not be whatit needs tomorrow. Be sure to identify leadership skills and behaviors, such asmanaging a team of five or fiscal responsibility, and not job tasks such asmonthly reporting. If possible, “read between the lines.” For instance the taskof “standardize procedures to improve efficiency” really means having theleadership abilities of analyzing, forecasting, and planning.
2 Pay attention to what industry experts and yourprofessional association are doing in the realm of the “future of work” andwhat is predicted for your industry. Some of the current concerns includeartificial intelligence and robotics, consumer pressures (suchas related to the environment), and changing buying habits – all of whichwill require your company to adapt. What do you need to start training yourfuture leaders for, today?
3 Hold one-on-one interviews and ask your current leaderswhat prepared them for the role they hold today. Most often you’ll learn thatformal development is not credited as much as mentorship, on the job learning,and a wide array of experiences. Theseinsights will help you to decide the best course of leadership development, foryour organization, going forward. For example, you could put four future-leaders through an off-site leadership development program or you might chooseto institute a job rotation program for everyone at your company. The twooptions might cost the same amount, but will return vastly different results. You’ll want to thoughtfully consider howpeople truly learn leadership in your organization.
Note: Be very concerned if the majority of responsesare, “I learned it at my previous job,” because that means you are doingnothing to develop leaders in your organization and are instead relying onother companies to develop them and hoping you can then hire them away. That“strategy” puts your company in a very precarious position; the topic ofanother article entirely.
Step 3 – Consider How You Will Develop Leadership Skills
Once you have identified the skills that should be developedin your future leaders, you’ll need to determine how to get them those skills. Creating a formalized leadership developmentprogram is a time consuming and arduous process – which is why most companiesforego it and instead cross their fingers and hope their future leaders will“appear” when needed.
Sending people out for leadership development can be cost-prohibitive and because of that, the number of individuals that get developed is generally far fewer than is needed by any organization. A smart option for most companies is to mete leadership development out to everyone, through easy-to-implement activities such as reading groups or lunch-and-learns, and on-the-job projects such as a multi-discipline initiative. Over time, small and consistent development opportunities will build the leadership skills your organization needs and alleviate succession planning concerns.
Once you have considered and acted upon these first three steps in succession planning, you’ll be well on your way to ensuring that your company has a leadership pipeline capable of continuing excellent work despite a rapidly changing business environment.
Note: This article was first published by Training Industry Magazine.
Who "Gets" Leadership Development?
Why Not Everyone?
A question we are frequently asked - and frequently wrestle with in conjunction with new clients is - who "gets" to attend thinking skills / leadership development? It's a tough question to answer because on the one hand, the logical answer is "everyone." Why wouldn't you want everyone in the organization to work smarter, make good decisions, understand the vision and mission of your organization, etc.? On the other hand, unless you are a small company of 150 people or less, that would be a prohibitively expensive endeavor. So the tough question is - how do we make the cut? Who makes the cut? Here are some "arguments" - none is "the best."
Argument #1
As stated in the headline - why not everyone? Simple things - not full blown curriculums - could be enmeshed in everyday work responsibilities (much like Google's now defunct 20% time). Sending a business / industry article out each week via email, or leaving copies of it on the lunch tables, can help to ensure everyone has the same industry knowledge. By leaving articles on the lunch tables, spontaneous discussions can begin about the content and merits of the article. Managers can hold short, 20 minute, meetings two days after the articles are issued asking for feedback or questions about the article.
To help managers, the department that issues the article can include 3 or 4 discussion questions they'd like the employees to focus on. This article sharing can be rotated throughout the organization. Much like "it's your week for carpool," it could be "your week for article sharing."
Let's say your company works in manufacturing or healthcare - while there are plenty of articles about the industry itself, there are department-specific articles as well - manufacturing operations, healthcare marketing, etc.
This is just one small and easily do-able activity that can be rolled out throughout the organization. Why not increase the knowledge and capabilities of all your employees?
Argument #2
Focus on leaders in the organization. We've spent so many years making individuals experts (through training) in their fields that they often don't have a big picture view of their organization or their role. Sales Managers often don't appreciate the need for profitability which is a finance-department focus. Charge nurses often don't appreciate customer service which is an operations (and accreditation) focus. By directly impacting the thinking skills and thereby the leadership skills of leaders in an organization there will be an immediate and beneficial impact on the departments that they run and the individuals that they manage.
Argument #3
Include all new hires - starting now. If everyone who joins your organization is indoctrinated into a thinking curriculum from day one, they will grow in to your (smartest) future leaders. Over a planned development process of 3 years, 5 years, or 20 years, you will have an organization chock-full of individuals who not only understand how the organization is run (because they will have had linear exposure to the organization), but they will also be knowledgeable and skilled in critical business topics such as communication, teamwork, risk management, continuous improvement, fiscal management and much, much more.
Because they have been brought-up in cohorts (The Training Doctor's branded design), they will have relationships and the ability to communicate with other departments and individuals in other disciplines.
The choice for every individual company will be different. Increase everyone's skills just a little bit? Deep dive for leaders who will return the most immediate ROI? Or plan a long-tail approach to enmesh employees in "lifetime" development to create a leadership pipeline?