WAI's Succession Planning process is a powerful tool to help organizations identify leadership talent for the future. The result of this proactive planning provides an organization with a strategic competitive advantage - accurate leadership information that will be readily available when the need arises.
Succession Planning for senior positions differs from retrospective performance in that it compares an individual's potential against leadership competencies.
Important factors to consider when assessing an individual's ability to perform in a more responsible position include:
- assessment against objective leadership criteria
- current performance on the job
- educational background
- professional development through leadership competencies
- unique experiences that they bring to the company
By considering each of these variables, your organization is making more informed and objective talent assessments. As a result, the Succession Planning process helps organizations create opportunities, providing growth for both associates and the company.