Professional Documents
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Talent Management
Talent Management
Recruitment &
Selection
Career Performance
Management Management
BUSINESS
STRATEGY
BUSINESS
RESULTS
Training
Rewards Talent
Management &
Management
Development
Senior
Succession Management
Planning Development
Recruitment &
Selection
Career Performance
Management Management
BUSINESS
STRATEGY
BUSINESS
RESULTS
Training
Rewards Talent
Management &
Management
Development
Senior
Succession Management
Planning Development
Early Models of CD
Walker, 1973
Serve as the framework for the discussion and for providing the
10 balancedJulyview
11, 2007 point
swati Smita
Elements of Career Management
1. Individual (Self) Assessment of Abilities,
Interests, career need and goals
Recruitment &
Selection
Career Performance
Management Management
BUSINESS
STRATEGY
BUSINESS
RESULTS
Training
Rewards Talent
Management &
Management
Development
Senior
Succession Management
Planning Development
Succession Planning -Definition
Strategic, systematic and deliberate effort to develop competencies in
potential leaders through proposed learning experiences such as
targeted rotations and educational training in order to fill high-level
positions without favoritism (Mathew Tropiano, 2004)
Why SP?
Organization supersede Individuals
– visionaries are those who groom their young ones to take the lead
position and to take the cause of organization forward
Tells about
the extent to which leadership job openings can be filled from the internal
pool
the av. no. of qualified candidates for each leadership position
the number of positions with two or more ‘ready now’ candidates
the attrition rate from the succession
17 pool July 11, 2007 swati Smita
18 July 11, 2007 swati Smita
Garman & Gllawe, 2004
Top level succession planning different
LD at Novartis (Cont.)
Ref:
Fulmer (2002) Choose Tomorrow’s Leaders Today: Succession
planning grooms firms for success
The last two suggest that there is ‘virtuous cycle’ when the succession
system supports corporate strategy in a tangible way