Business succession planning with Profiles International. Plan for the future and organize a succession plan so that you can ensure the long-term success of your business.
Jim Collins, author of Good to Great, 1991, found, in over three quarters of the comparison companies in his study, executives who set their successors up for failure or chose weak successors or both. Collins indicated that because of ego or what he calls the “Big Dog Syndrome”, these executives did not leave behind companies that would be great without them.
Ensuring the long term success of your company is crucial and business succession planning can help you do just that. Managers at world class organizations are using smart business succession planning solutions to help identify employees who have the potential to be promoted and accurately chart a realistic course to get there.
Employees need a long-term career and development plan – and your organization needs a strategy for replacing key roles as leaders move on or retire. Business Succession Planning will help your organization build and create entirely new promotion and succession plans that will give your employees visibility into the future of their careers. This is an important part of your company’s strategy as you think about career paths for your employees that will match them with the duties and responsibilities that maximize performance, employee morale and company success.
Profiles International’s business succession planning solutions will help you keep a record of your employees’ talents, skills and preferences, allowing them to develop and manage their own career development plans and align them with organizational strategy.
Succession planning can help you effectively manage, promote and retain your talent by providing you with objective, quantifiable data about individual employees so that you can make the best possible career development and succession decisions. It’s important to understand each employee’s fit as a potential leader in the future so that your organization’s succession and development plans can be implemented.
Our business succession planning tools can be used to predict success in a variety of future roles and provide information to guide future career development and succession plans.
By identifying top performing workers, you can highlight areas where their skills can be improved and spot high potential employees who can be groomed to become successors to your key executives. Don’t let your company fall victim to the memory drain when top performers leave or retire. To ensure your company’s long term success, it is important, as a part of your company’s workforce performance management system, to think about career tracks for your employees that will match them with duties and responsibilities that maximize performance, employee morale, and company success.
With business succession planning tools, you can predict performance in essential areas where you need to make the most effective promotion decisions. Today, many organizations use employee assessments to help them develop career and succession development plans that help them to ensure long term success. By measuring employees’ attitudes, motivations and outlook on their careers, managers and job functions, organizations can gain a vital perspective on the current reality in their company and pinpoint areas of concern affecting succession.