Succession Planning 3.0

Session Leaders: Maura Stevenson and Alec Levenson

Tuesday May 10, 2022
8:00am PT / 11:00am ET / 3:00pm GMT / 4:00pm BST

Succession planning traditionally has focused on individual leaders in high profile, key roles. Making sure we have multiple ready-to-go candidates for every critical role is a great strategy, but one that is challenging to implement effectively. With pressures to keep headcount down and productivity up, even before the pandemic, it’s gotten progressively harder to think about proactively developing people to potentially step into multiple roles. And with such a tight labor market for high profile talent, your best candidates for succession may be just as likely to leave for greener pastures elsewhere.

This session will address the challenges of succession planning in today’s economic environment, and the opportunities created by technology and the pandemic:

• What impact has the Great Resignation had on company’s succession planning strategies? Can the tools of individually-focused succession planning be scaled up to address larger-scale turnover and retirement waves?
• How has the leader’s role shifted in an era of greater remote and hybrid work? Can we pursue the same succession planning strategies as before and expect to get the same outcomes? Is the pool of potential candidates now larger if we can consider remote and hybrid leadership roles as well?
• Technology advances have greatly increased our ability to gather data easily from many different sources and voices throughout the organization and beyond. How can these be integrated into succession planning, and do they offer the promise of broader, more accurate assessments of future potential?