Having an active succession management process is the key to delivering a timely pipeline of talent ready to take on leadership roles. However, according to the top executive search firms in China, only a handful of business organizations within the country actually have a dynamic succession plan in place. The leading executive search firms in China advice their clients to have a checklist of the skills and traits they desire in candidates suitable for inclusion in the succession training program.
Discussed below are some effective succession management strategies that can help business organizations reap great benefits in terms of a well developed in-house leadership talent pool.
• Effective Benchmarking
• Proper Classification Of Talent
• Have A Checklist
• Active Learning Capability Of Candidates
• Retention Of Best Candidates
One of the key areas that business leaders need to focus on for ensuring sustained growth and success of their organization is the presence of a great succession plan.
