There are three main approaches that companies use to manage succession: short-term
planning or emergency replacements, long-term planning or managing talent, and a
combination approach (www.eowa.gov.au). A short summary of these main approaches will
highlight the differences.
Short-term or emergency replacements
Although not the preferred method, this is the most common succession management
approach. Short-term replacement planning is focused on an urgent need caused by a
sudden development within the organization, an example of which is when a talented
employee unexpectedly exits the organization. Emergency succession planning can come
into play any time the organization expands in a new direction or discovers the talent gaps to
fill the required managerial role. Generally, human resources functionaries will try to fill the
role from within the organization, but they often turn to external recruitment, if no suitably
trained or capable replacement can be identified within the organization.
Long-term planning or managing talent
Talent management is future oriented and focuses on the future needs of the organization.
Working within the strategic framework of the company’s future goals, employees are invited
to take part in an assessment process in order to identify successors in a more scientific
manner. The advantages of such an approach include: talent pools with possible
successors for every critical role, defined future skills required for the success of the
organization, motivated employees due to involvement in their career growth, and retention.
Some of the disadvantages of this approach point to the fact that it is expensive and time
consuming, the existing employee-base may not have the required skills and experience for
the critical job roles and outside hiring can lead to resentment.
Combination approach
A combination approach allows senior management to plan for the long-term growth of both
the organization and employees within the organization and prepare for emergency
replacements to ensure that business is not affected by knowledge loss or lack of skilled
employees (www.eowa.gov.au). The organization should therefore focus on promoting talent
from within as well as drawing talent from the workforce. This provide balance in terms of
promoting experienced incumbents based on corporate views, policies and plans as well as
benefiting from the diverse perspectives, fresh knowledge and a drive to change from new
recruits (Hatum, 2010).
Succession management strategy
Development guidelines
Succession management as a component of talent management should be a long-term
human resources (HR) strategy, based on the HR and business plan requirements. Due to
the overlap with other strategies such as performance management, recruitment,
development and retention, it is critical that the succession management process is
integrated and aligned with all HR programs and systems.
There are three main approaches that companies use to manage succession: short-term
planning or emergency replacements, long-term planning or managing talent, and a
combination approach (www.eowa.gov.au). A short summary of these main approaches will
highlight the differences.
Short-term or emergency replacements
Although not the preferred method, this is the most common succession management
approach. Short-term replacement planning is focused on an urgent need caused by a
sudden development within the organization, an example of which is when a talented
employee unexpectedly exits the organization. Emergency succession planning can come
into play any time the organization expands in a new direction or discovers the talent gaps to
fill the required managerial role. Generally, human resources functionaries will try to fill the
role from within the organization, but they often turn to external recruitment, if no suitably
trained or capable replacement can be identified within the organization.
Long-term planning or managing talent
Talent management is future oriented and focuses on the future needs of the organization.
Working within the strategic framework of the company’s future goals, employees are invited
to take part in an assessment process in order to identify successors in a more scientific
manner. The advantages of such an approach include: talent pools with possible
successors for every critical role, defined future skills required for the success of the
organization, motivated employees due to involvement in their career growth, and retention.
Some of the disadvantages of this approach point to the fact that it is expensive and time
consuming, the existing employee-base may not have the required skills and experience for
the critical job roles and outside hiring can lead to resentment.
Combination approach
A combination approach allows senior management to plan for the long-term growth of both
the organization and employees within the organization and prepare for emergency
replacements to ensure that business is not affected by knowledge loss or lack of skilled
employees (www.eowa.gov.au). The organization should therefore focus on promoting talent
from within as well as drawing talent from the workforce. This provide balance in terms of
promoting experienced incumbents based on corporate views, policies and plans as well as
benefiting from the diverse perspectives, fresh knowledge and a drive to change from new
recruits (Hatum, 2010).
Succession management strategy
Development guidelines
Succession management as a component of talent management should be a long-term
human resources (HR) strategy, based on the HR and business plan requirements. Due to
the overlap with other strategies such as performance management, recruitment,
development and retention, it is critical that the succession management process is
integrated and aligned with all HR programs and systems.
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