PREPARE THE NEXT GENERATION OF TALENT

How long would it take for your company to recover from the loss of a key member of your leadership team?

Costs associated with lost knowledge, missed opportunities, client delays, and the inevitable impact on employees has been estimated at more than 10 times an executive’s salary.

Are you confident that your current Succession Planning process effectively protects you against this potentially catastrophic risk?

If your answer is no, you’re not alone as many companies lack a formal Succession Plan.

So, why would any leader leave their organization exposed without a mature Succession Process in place?

CEOs tell us that finding the time to plan for tomorrow is difficult when they are struggling just to keep up with the immediate demands of today, even though they know succession should be a priority.

We get it. Which is why SIGMA has developed the simplest way to build a mature Succession Planning process that reduces risk and gives your organisation a competitive edge.

How long would it take for your company to recover from the loss of a key member of your leadership team?

Costs associated with lost knowledge, missed opportunities, client delays, and the inevitable impact on employees has been estimated at more than 10 times an executive’s salary.

The best part? Our Succession Planning Launch Series delivers a CUSTOM SUCCESSION PLAN in just 30 DAYS while requiring less than 8 hours from your leadership team.

In our Launch Series, we’ll work with your leadership team to build a structured Succession Plan that delivers everything your organization needs to plan for and successfully manage the inevitable retirements ahead, including yours.

At just $9500, it’s a small price to pay for the peace of mind that your company’s future is being taken care of.

I would welcome the opportunity to discuss our Succession Planning Launch Series in more detail at your convenience or visit SIGMASuccession.com for more information on the Launch Series and other Succession Planning resources.

Sincerely,

signature

Glen Harrison, Director SlGMA Assessment Systems Inc.
gharrison@sigmaassessmentsystems.com
800-265-1285 x 233

Succession Planning stacks

Not sure how your Succession Planning stacks up?
Complete our Succession Planning Checklist on the other side of this page to find out whether your succession plan is set up for success.

US: SIGMA Assessment Systems, Inc.PO Box 610757Port Huron MI48061-0757 • P: 800-265-1283                                        Canada: Research Psychologists Press, Inc.PO Box 3292 Stn. BLondon ONN6A 4K3 • P: 800-401-4480

IS YOUR SUCCESSION PLAN SET UP FOR SUCCESS?

Whether you believe your organization has Succession Planning under control or is woefully unprepared, the following
Succession Planning: Success Checklist is a quick measure of the maturity level of your Succession Planning Process and
areas need to be improved.

Executive Support

  • Is your Succession Planning initiative
    supported by your CEO?
  • Is Succession supported by
    the entire leadership team?

Process

  • Do you use a proven Succession Process?
  • Is that process easy to understand?
  • Are you confident in your ability to explain
    the process at all levels of the organization?

Communication

Are you consistently communicating the plan to:

  • … the board (if applicable)
  • … management?
  • … individual  succession candidates?
  • … all members of the organization?
  • Do you have formal conversations with
    leadership on their plans for retirement?
  • Are leaders prepared to have candid
    discussions with their team regarding each candidate’s readiness?
  • Do leaders have the right tools to support
    development discussions with their successors?

Documentation

  • Is your Succession Plan formally
    documented?
  • Does the leadership team review the
    Succession Plan (at least) annually?
  • Is your Succession Plan updated (at least)
    annually?
  • Does your Succession Plan include:
  • … detailed Success Profiles for each
    leadership role?
  • … populated Succession Benches for each
    leadership profile?
  • …Successor or Profiles for each Succession
    Candidate
  • …Development Plans for each Succession
    Candidate?
  • … Documented Metrics to gauge the success
    of your plan?

Accountability

  • Does your plan include detailed timelines
    and deliverables?
  • Do you have a process in place to hold
    participants accountable?
  • Do you have a scheduled annual
    review that includes your entire
    leadership team?

The Long Game

  • Is the Succession Plan aligned with the
    organisation’s long-term  Strategic Plan?
  • Is there a plan in place for multiple levels of
    the organisation (i.e., not just the CEO)?
  • Are recruitment, hiring, and talent
    development aligned with your Succession Plan?
  • Are Success Profiles built with the future in mind?
  • Are you focused on developing pools
    of talent for each role vs. identifying
    one successor?

Your Score 


0- 10 
 At risk for unexpected disruptions
11 – 15   Demonstrates need for improvement
16 – 23   Solid foundation with room to grow
24 – 28   Mature plan with minor adjustments needed

Regardless of your score above, our Succession Planning Launch Series can help. With just
two separate half-day workshops, our series delivers a comprehensive full-year implementation plan
customized for each member of your executive team. Find out more here.

US: SIGMA Assessment Systems, Inc.PO Box 610757Port Huron MI48061-0757 • P: 800-265-1283                              Canada: Research Psychologists Press, Inc.PO Box 3292 Stn. BLondon ONN6A 4K3 • P: 800-401-4480

CLICK HERE TO DOWNLOAD OUR SUCCESSION PLANNING OFFERINGS PDF

Contact us to learn more about how our Succession Planning offerings can help your company develop the next generation of talent.