Succession Planning vs. Succession Management
March 19th, 2008 by Lois MelbourneI seldom hear people use these terms together as an inclusive process. I have usually heard people exchange the terms, but there is a big difference. Doris Sims, a very bright lady, has taken the time with co-Author Matthew Gay to outline the difference, Building Tomorrow’s Talent: The Practitioner’s Guide to Talent Management and Succession Planning.
Hint: Succession Management includes Succession Planning and a lot more.
(buy the book: http://www.amazon.com/)
But the importance of this book is its ability to provide nearly a primer on Talent Management. The authors define terms, and the book is stuffed with wonderful, practical, usable checklists for things like:
1. Talent Review Meetings
2. Talent Assessment Goals
3. Metrics you could or should use in the process
It offers up slide decks for you to present your ideas higher up in management or to business heads:
1. Explaining Succession Planning and Talent Management
2. What metrics are you needing and going to use in your succession planning
This book is a must have for anyone starting a new initiative in Talent Management, Succession Planning and Talent Review.
It can make you look good and feel like an old pro at these things, even when you are a novice.
If you are not a novice, it can still help you streamline your processes and refine your communication.
Ever wonder what to do with information that somebody is marked as a high performer or has high potential? Do you tell them? What if the situation changes? Read the book…it will tell you what to do.
Do you wonder which metrics you need to track in your succession planning? Read the book. You can also hire Ms. Sims for consulting which can include Talent Review Facilitation. www.successionbuilders.com
The authors don’t mention using OrgPublisher™ or Unifi™ for succession planning to help visualize your succession plan or to do the What-if workforce planning. But our customers are very excited about this process, so maybe we should put together a book about their uses of Aquire solutions for Succession Planning and Succession Management.
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