Succession Planning
Training and development is not just a nice benefit for your employees, but key for an organization鈥檚 short- and long-term health. Organizations are composed of human beings, which are the essential resource. The better the quality of that resource the better off the organization is as a whole.
Years ago, I worked for a large corporation where annually we would implement succession planning exercises that cascaded from the top of the organization to the frontline management level. This was a labor-intensive process for Human Resources (HR), and the management team and managers complained about having to complete these exercises when, particularly at the lower levels of the organization, we never really implemented the plan if a vacancy occurred. After several years of completing the exercises, the HR team decided to only complete succession planning activities at the top level and talent planning exercises for the rest of the organization.
Training and development is not just a nice benefit for your employees, but key for an organization鈥檚 short- and long-term health. Organizations are composed of human beings, which are the essential resource. The better the quality of that resource the better off the organization is as a whole.