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Exit and succession planning

As the UK's workforce becomes older, the task of finding experienced successors for key management roles gets tougher. As organisational structures are relatively flat compared with times gone by, fewer employees get so many opportunities to gain the strategic skills needed to succeed in senior or pivotal positions. This has meant that the competition to recruit candidates with the proven knowledge and the experience required for leadership or pivotal roles has become intense. Succession planning is a critical business function if you are to maintain a competitive advantage and ensure a seamless transition between departing and emerging leaders. The cost of succession planning is small when compared to the high cost of recruitment, loss of leadership or key staff capability in your business.

Your new strengths and abilities

  • Identified the key positions in your organisation that most influence delivery of your strategy (one aspect of risk assessment).
  • Developed core technical and performance competency frameworks for the key positions.
  • Evaluated the skills and potential of possible internal or external candidates.
  • Formed succession planning committees to develop this skill in-house.
  • Designed and delivered individual development programmes for selected candidates, using internal resources where possible.

Did you know?

Some research shows that outsiders winning top jobs stayed in post for a comparatively short time. New blood can bring valuable new insight, and yet the skills and potential of your current employees for the top jobs may offer up the best combination for your long term growth and prosperity. These are the people who already understand your organisation and its culture - they know what you want and what is expected of them. Promoting internally can send out many positive messages to your workforce and lead to healthy competition between potential candidates.

Who would benefit?

Senior management and anyone in key positions in your organisation that most influence delivery of your strategy.

To discuss a current or potential need, contact Robin Johnson at OvationXL on 07774 415 561 or

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