For every two baby boomers that retire over the next 5-10 years, there is only one competent senior leader ready to step into their role. The talent shortage this has created simply doesn't allow the supply of talent to meet the demand for leaders required to run our companies.
Do you have a comprehensive succession plan, and a leadership development plan that supports it? Do you have the right people in place to take over senior leadership roles as the need arises? Succession Planning ensures that there are highly qualified people in all positions - today, tomorrow, and five years from now.
Take Stock
- Assess the collective intelligence that already exists in your business
- Clearly define job profiles and appropriate skills
- Assess existing leadership abilities
- Identify strategic thinkers
- Evaluate team development skills
Generate Action
- Align recruitment, retention, and development practices
- Gain buy-in to long-term goals and objectives
- Create an environment within which your leadership team can learn and grow
- Articulate the behaviors, skills, and values that define success
- Retain valuable knowledge and cultural elements important to your business
For more information, contact Mike Desjardins at 604.605.8325 or miked@virtusinc.com.