Noting my past experience with Fortune 500 Succession Plans, the CEO of a public company asked that I develop one for his team. He was delighted with the end result, and probably even happier that he was able to inform the Board he now had a plan. It included a policy, PowerPoint overview suitable for the C-suite, an Administrator’s Manual, and all the required documents for a Best-in-Class Succession Plan.
My work product has since been further developed into a generic format. KeystoneHR’s resulting Succession Planning package is easily modified. You can add your own content and logo, and it will save you weeks of development time. Whether using ours or creating your own, a well-written Succession Plan provides:
• A confidential vehicle for identifying and tracking career development of identified professionals, usually not to exceed 5-10 percent of the workforce.
• An annual forum for leadership to confidentially discuss participants, plans, and share views on organizational direction.
• An additional objective method for measuring and judging individual performance.
• Focus from the C-Suite on HR’s task to identify, hire, and retain qualified participants as it maintains performance metrics.
• Criteria identified by the Executive team to be kept current on each participant.
• Identified participants to receive individualized training and development actions.
• Understanding that once Executives agree to a particular course of action, carrying out the plan should be a priority.
• Incentive to enact a mentoring program.
KeystoneHR’s Succession Planning package (SKU PK5) includes everything needed to draft your own plan. Between Excel, PowerPoint, and Word formats we supply 48 total pages – if printed out (in Word; the Policy – 6 pages, and Administrative Manual – 14 pages), PowerPoint – 8 slides), and another 20 documents in Excel.
KeystoneHR offers Best Practices focused HR and related policies and documents, training, consultation, and project work. With over 40 years of progressive HR experience in Fortune 500 companies and upper-end LLC’s, our team is poised to help. See our website – KeystoneHR.com. KeystoneHR – Best-in-Class helping Best-in-Class.
