Preparation of a succession pool is a strategic priority task for the majority of enterprises. If there are competent, trained specialists ready for promotion to the key positions of an enterprise it will ensure HR security of business, succession of management staff, consistently high pace of company development and confidence in the future.
- RATIONALE FOR THE ESTABLISHMENT OF THE SUCCESSION POOL:1. Prevention of staff “hunger”, prompt replacement, i.e. fast selection of candidates to fill vacancies in structural subdivisions of the organisation, ensuring succession of management staff;
2. Motivation of personnel, employee professional development, raising the loyalty of employees to the company and their confidence in the future;
3. Possibility to retain accumulated knowledge and expertise within the company, secure further company development, expand its capabilities and preserve the corporate culture;
4. Saving money.
SUCCESSION POOL CAN BE ESTABLISHED IN ANY COMPANY IRRESPECTIVE OF ITS SIZE AND NATURE OF BUSINESS.
SUCCESSION POOL ESTABLISHMENT STAGES:
STAGE 1 – Analysis of organisation need for the pool;
STAGE 2 – Compilation and preparation of the succession candidates list;
STAGE 3 – Development of the programme for training of a succession pool within existing system of staff training, re-training and professional development;
STAGE 4 – Development of instruments required for evaluation of the efficiency of the established succession pool.