Starting process early, sharing vision key to effective succession planning
Technology executives may excel at quick recovery from network outages and guarding against security breaches, but the vast majority lack a backup plan should their own job need to be filled suddenly, according to new Robert Half Technology survey.
Seventy-one per cent of chief information officers (CIOs) said they haven't identified a successor in the event they had to stop working unexpectedly, found the survey of 270 Canadian CIOs.
"Although often disregarded, succession planning lays the groundwork for a smooth transition when a manager is ready to take the next career step or in the event he or she leaves unexpectedly," said Lara Dodo, a regional vice-president of Robert Half Technology. "A formal succession plan is also critical for a firm's long-term success, and assists in retaining valued employees by making it clear what career paths are available in the future."
•Start early: It can take time to identify and prepare a promising candidate for a leadership role, so begin the process early. Even if you doubt you'll need a replacement anytime soon, preparing someone to assume your duties creates a safety net in the event of an unforeseen absence or extended leave.
•Keep an open mind: While the obvious successor may be your second in command, don't overlook other promising employees. Look for candidates who best display the skills necessary to excel in the role — including both strong technical aptitude and leadership abilities — regardless of title.
•Share the vision: Include prospective managers in strategy discussions to help them acquire planning and leadership skills, as well as a broad vision of the company and its goals.
•Make it ongoing: Provide regular feedback to protegés so they can continue to progress and meet expectations.
•Take a trial run: A vacation is a good time to have a potential successor assume some of your responsibilities. The employee will gain experience while you learn how prepared the person is to take on a greater role.
