This $16B, 80,000-employee company had a strong culture of intense loyalty. However, the company recognized a potential downside consequence for its succession planning process: a heavy emphasis on loyalty, time in position, and “paying one’s dues.” » READ MORE
Given the imperative to meet today’s business objectives, it’s easy to lose sight of the need to develop leaders for tomorrow. When this critical task isn’t approached properly, it can result in compromised choices for promotions, loss of essential talent, or lack of business continuity. In fact, the ability to identify and rapidly develop new leaders is often what separates the companies that lead their markets from those that follow. Companies often struggle with such challenges as how to:
At OSI, we can help organizations define the steps that are most appropriate to enhance leadership succession processes, including specific techniques for accelerating the development of talent, taking into account the company’s specific culture, business dynamics, and available talent pool.
At times, external recruitment is necessary to bring new perspectives or capabilities, or to fill a near-term gap. Many companies experience disappointing failures with externally-hired executives, or longer and more difficult assimilation periods than expected. We can help to ensure success by assisting with recruitment profile specification, sourcing, and selection strategies, and with the design and implementation of well-structured orientation/assimilation plans.
For many companies, developing a broader talent acquisition strategy becomes an obvious outcome of their succession planning process. These organizations need to identify new entry points for external talent, determine the appropriate mix of internal and external recruiting, assess how their company is positioned in terms of attractiveness to the kinds of candidates desired, and build a distinctive, proactive strategy for attracting that talent.
With a full appreciation for how closely intertwined these issues are with the company’s culture, industry type, and business plan — and how important a strong talent pool is to the company’s future success — OSI can partner with clients to develop unique, effective solutions to these kinds of challenges.