Are You Prepared for Succession?

This topic has come up with clients several times in the past few weeks. For example, one executive who is preparing for retirement wants to hire someone to manage operational issues in the company. He hadn’t thought of this as succession, but that’s exactly what it is.

When you hire for succession, you’re not just thinking about hiring a competent person to fill a position. You’re considering a longer-term leader for key positions in your company or department.

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Turning to Fall

The autumn equinox arrived yesterday evening at 9:04p EDT. For those of us in the northern hemisphere, it marks shorter daylight hours and cooler weather. The current indicator of change is that it gets light later in the morning and gets dark earlier in the evening.

Different cultures commemorate the equinox with various customs. I typically notice a shift in the workplace at this time of the year. The looser environment of summer transitions into more of a settled and focused workplace.

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Behavioral Goal Setting

To set and attain goals is an important process for nearly all high-achieving leaders. Whether you go through a formal process to set and monitor goals, or informally record your aspirations, the desired outcome is the same.

People typically identify tasks or activities as the stepping stones for goal achievement. For example, if you want to achieve a certain revenue number in your department, you can divide that number among your employees resulting in a goal of x dollars per employee.

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Prepare By Documenting

No matter how prepared you think you are, it’s essential to be ready for staff changes that can disrupt your organization’s operational flow. People resign suddenly. They develop a debilitating illness. They have family emergencies that take priority.

Are you and your management team prepared for such occurrences? Do you know how to jump in and do the various functions that these people have done well and consistently until they aren’t there to do them?

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