Professional Documents
Culture Documents
SUCCESSION
PLANNING
Introduction
The success of one’s career, therefore, depends on the individual more than
anything else.
The success of one's career depends, most often, on one's own careful
planning and timely steps taken at a right time. Must set own criteria –pay,
adventure, help
The typical career of a person today would probably include many positions,
transitions and organisations than in the past – where emp were less mobile and
employers were stable
Career
Career goals
Career path
Career anchors
Career planning
Career development
Career planning and development
11-4
Career stages
A career includes many positions, stages and transitions just as a person’s life does.
High
Exploration Establish- M id career Late career D ecline
ment
P erform ance
Low 25 35 50 60 70
Age
Career And Succession Planning
11-5
Career stages
Career planning
Career planning is the process by which one selects career goals and
the path to achieve those goals.
Assists in finding who could be groomed, who could succeed in case any
develop take place.
Why career planning?
Desire to grow,
Enough opp and paths
Highly moti
Less attention unfortunately
What happens down the line
Job mere than long lasting careers
Recog. doesn’t come, confusion prevails
Key exe leave, turnover high
Org suffers
Temp effort ineffective / short term replacement unprod
Absence of career plan makes a big diff
Therefore, put career plans, educate, help… can not prosper without progressive
outlook
Career And Succession Planning
11-12
1.
2.
3.
4.
5.
C o n td . . .
Career And Succession Planning
11-18
c: c:
3. How im portant are these values to you in your w ork (I m ost im portant : 10 least im portant)
Values R an k
1. Independence or autonom y -
2. Fina ncial rew ards -
3. Sense of achievem ent -
4. Helping others -
5. Creating som ething -
6. Job security -
7. Good w orking conditions -
8. Friendship s at w ork -
9. Variety of tas ks -
10 . E quality and fairness -
4. W hatever job I handle, I do not wish to com prom ise on the following
1: 4:
2: 5:
3: 6:
5. W hat internal and external constraints m ight you encounter along the w ay tow ard achievem ent
of your career goals?
6. List the specific jobs that m ight be in line with the above requirem ents
a
b
c
7. Fin ally, rate you rs elf on eac h of the fo llow ing perso nal q ualities or w ork c hara cteristics .
W rite one response for each characteristic (using the follow ing scale: 1. very low, 2. low,
3. average, 4. high, 5. very high )
a. Em otional m aturity f . D ependability in com pleting work
b. Initiative/Independence g. Flexibility and open m indedness
c. P unctuality h. P ers everance/w illing ness to work
d. A bility to handle conflict I. A bility to set and achieve goals
e. A bility to plan, organise
and determ ine w ork priorities
Career Development
(i) Individual career development: Some of the important steps that could
help employees achieve their career goals could be listed thus;
Career Development
Organisational career development
1. Self assessment tools – two - holding a career planning workshop (how
to prepare and follow through strategies) & circulation of a career work book
2. Individual counselling – face to face meeting between employee and
counsellor (HRD or expert)
3.Information services – job posting, skill inventory
4.Assessment programs - socialization, role play, test, interview, in-basket,
business games etc. followed by feedback what is to be done to scale the
ladder
5.Developmental activities – seminar, workshops, training, rotation,
mentoring
6.Career programs for special groups – dual career, inability to reconcile
between roles, conflict, coping strategies etc.
Cont…
Career Management
Career management includes both
•individual efforts (individual career planning and development)
•organisational actions (org. career planning and development)
aimed at setting career goals, formulating and implementing strategies
and monitoring the results.
In dividu al C are er
P la nn in g C a re e r
A ss ess ne eds D evelopm e nt
Analyse career opportunities
Set career goals How individuals can reach the top?
Develop action plans How organisations can help?
S elf-assessm ent tools
O rg a nis atio na l C are e r
Individual counselling
P la nn in g
Inform ation services
Assess hum an resource A ssessm ent program m es
requirem ents Developm ent program m es
Career paths for each person Program m es for special groups
I n t e g r a te c a r e e r g o a l s a n d
organisational needs
Initiate career development efforts
Succession Planning
It should be noted here that career planning (which covers executives at all
levels), by its very nature, includes succession planning (which covers key
positions at higher levels)
Replacement Chart
Re placem ent Sum m ary for ‘S enior Equ ity Ana lyst’
S e nior Eq uity Ana lys t J ob ho lde r : Raja R am Age : 59
O pe n in g : In 3 Ye ars R e ason : R etire m ent
R a ja R am (5 9)
S a lary G rad e : 2 5 ,0 0 0-3 5 ,0 0 0 E xp e rien c e : 1 2 Ye a rs
A 1 R ajat G u pta (44 )
C a nd id a te 1
B 1 S h yam L al (3 8)
Name : Rajat Age : 4 4 Ye a rs
Chart for 2 positions