Succession Planning is an important part of a company’s performance management system.
The hallmark of a great leader is one who sets his or her successors up for success, rather than failure.
However, in many companies this is not the case. Jim Collins, author of Good to Great (1991), found that in over three quarters of the comparison companies in his study, executives chose weak successors and regularly set their successors up for failure. 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.
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. Career tracks match employees with duties and responsibilities that maximize performance, employee morale, and company success.
The Profile XT “Total Person” assessment is a powerful solution to help you, not only assesses an employee’s match with a specific position, but also evaluate their job match with a number of positions. A candidate or incumbent’s ProfileXT data is compared with Job Match Patterns for a number of jobs and an easy to read and understand report is displayed with job match percentages for each of those positions, creating a powerful succession planner for the individual and the organization.
The Profile XT measures and predicts performance in essential areas where an employer needs to make the most effective promotion decisions. The ProfileXT utilizes advanced online technology that predicts job suitability and accurately matches people with the work they do now or in the future.
The ProfileXTSales, Profiles Sales Indicator and Profiles Customer Service Perspective add additional valuable succession planning information for sales and customer service related positions. Used in tandem with the Profile XT, your organization will benefit from having the most comprehensive information available for making succession planning decisions.
Download White Paper: “The Executive’s Guide to Strategic Workforce Planning”