Discover Germany, Issue 52, July 2017

Page 92

Discover Germany  |  Special Theme  |  Germany’s Consulting Experts

Strategic succession planning ensures a smooth transition InterSearch Executive Consultants GmbH & Co. KG is a HR consulting firm and recently determined in a study how to ensure the best outcome when handling a succession. It states that every second company only thinks about filling agerelated vacancies when they finally arise and do not plan accordingly. TEXT: JESSICA HOLZHAUSEN  |  PHOTO: RYANKING999, DREAMSTIME.COM

Management has become strategically more relevant and personnel planning more complicated. Every second company names the grown requirements – for example the digital transformation or the dynamic of markets – as one of the main obstacles. But less than one in three companies has a proactive approach to deal with the challenges of arising vacancies through age or other reasons. Strategic succession planning is very rare – and the implementation incomplete. With that, companies risk the loss of know-how. While 40 per cent at least consider succession planning for the first and second management level, most do not include the third or other important key positions. Above that only half of the companies

coordinate strategic succession planning with their overall strategy. Often enough, key talents and leadership potentials remain undetected, the study claims based on data collected in ear-

ly 2016 through an online survey with more than 200 participants. InterSearch focused on the first and second management level of companies from trade, industry and service sectors with more than 250 employees. InterSearch Executive Consultants has German offices in Hamburg, Cologne, Frankfurt and Munich and belongs to a worldwide network of HR consulting firms with more than 100 offices in 50 countries.

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