SUCCESSION PLANNING

What Will Your Legacy Be?

NSHE
June 6, 2013
Introduction
Topics
• How do I make a plan?
• What are my options?
• Why does succession planning matter?
• 4 things we can all count on.
• What is a legacy and what is yours?
Organizational/C-Suite Buy In
• Without Senior Management support,
frustration is inevitable
• Consult with Human Resources: They
have the tools
• First, sell the concept
Candidate Selection
• Identify the
prospects
• Share your plan with
them
• Prepare for some
unexpected
responses/reactions
Mentoring/Coaching
• Assignments/Projects
• Frequency
• Review experiences & lessons learned
• Shift gears when necessary
Keys to Succession Planning
• Shadowing
• Internships
• Community
• Professional Network
Assessment Tools
• Skills
Assessment
• Selecting for “the
fit”
• Leadership Style
Why Does It Matter?
• The Four Absolutes in life:
1. ALL of us will die eventually
2. MOST of us will retire
3. SOME of us will leave a legacy
4. NONE of us can take it with
us
“It’s not what you take when you leave this
world behind you, it’s what you leave behind
you when you go.”
Randy Travis - 3 Wooden Crosses
Choosing the Right Successor
• Why did you choose your
profession?
• Great employees do not
necessarily make great
leaders.
• Can leadership be taught?
The Statistics Don’t Lie
• Audience poll
• 78 million Baby Boomers are turning 65,
at the rate of 1 every 10 seconds.
• 3-4 million will turn 65 this year alone
• They represent 28% of the US population
• The two industries most impacted:
Healthcare & Construction
Legacy:
“Something handed down from an ancestor
or predecessor. A gift.”

What do you want yours to be?

The Servant Leadership Concept

Closing Thoughts