Career and Succession Planning
Once you have found out your employees aspirations, and set their short- and long-term objectives, you'll want to prepare them for their next position within a career plan. After all, now you have motivated your employees through your performance management system, you'll want to keep them motivated by linking their own career aspirations to enterprise aspirations. By planning careers and identifying succession, you enable employees to see their future role within the enterprise, keeping them motivated, and you from lengthy and costly recruitment.
Not only does career and succession planning enable you to keep and retain your high-flyers, it also enables you to highlight, for example, roles requiring scarce technical or commercial skills. By being able to identify these early, you can develop these scarce skills within your enterprise and replace current employees in these positions, as required.
Modelling Career and Succession Plans