Succession planning can sometimes seem overwhelming. With so many moving parts, it can be difficult to know if you’re on the right track. Below, we outline 10 common succession planning mistakes that organizations make. Building in plans and checks to avoid these pitfalls will help to ensure the success of your process.
1. Focusing exclusively on the executive level
Given the time and resources required for effective succession planning, many organizations tend to focus their efforts solely on executive level positions. This approach can lead to detrimental gaps in important
2. Using a one-size-fits-all competency framework
A common succession planning mistake is adopting an existing or dated competency framework on which to evaluate succession candidates. This may save organizations a great deal of time. However, any off-the-shelf framework is unlikely to adequately capture the complexity and uniqueness of your organization. Don’t let the convenience of ready-to-use competency models lead you to overlook characteristics that are important to your organization.
3. Describing an idealized version of the role
When identifying which competencies are needed for a given role, there can be a tendency to describe those qualities you’d like to see of the individual in the focal role, rather than the actual requirements. Remember to focus on what is essential to success in that position.
4. Underestimating the changing nature of work
An important part of succession planning is anticipating future needs. Part of this means taking time to reflect on the future of the focal role. Consider how changes in technology, your organization, or the broader industry might impact the responsibilities associated with the position
5. Keeping the succession plan a secret
Succession planning is an important strategic process and there can sometimes be the feeling amongst leadership that the plan should not be communicated throughout the organization. However, a lack of transparency might lead some high-potential employees to leave the organization if they do not perceive the availability of strong advancement opportunities. Communicating to employees that these opportunities exist is likely to have a positive impact on their motivation to pursue developmental goals, and to remain with the organization long-term.
6. Relying on only one successor per role
When asked about their succession plan, some companies feel they are on the right path because they have identified a successor for key roles. However, this can be a problem if your one succession candidate decides to leave the organization or accept a position in a different department. Taking a more narrow focus can also make it difficult to fill the inevitable vacancy left in middle-level leadership roles when an employee steps up into a senior leadership role. Having a talented pool of candidates gives you options when it comes to filling a focal role, and ensures you’ve developed sufficient talent to fill vacancies as they arise.
7. Assuming that success in one position will extend to success in a higher position
A common mistake made in succession planning is the assumption that high performing individuals at one level will continue to perform well in a higher-level position. Continued success is not a guarantee, which is why it is so important that you carefully identify the competencies needed for success in the focal role. Evaluate all succession candidates against
8. Delegating full succession planning responsibility to HR
Succession planning should always be a company-wide initiative. Depending on your organization’s structure, it might make sense for your HR department to spearhead the process, but placing all the responsibility on HR is typically not effective. The most common reason that succession planning fails is a lack of management support. In order to achieve success, all parties need to be held accountable.
9. Failing to update the plan regularly
Some organization go through the work of developing thorough succession plans but then become stalled in the implementation phase. This is a common succession planning mistake. You should never
10. Inadequately documenting the process
As outlined in SIGMA’s six-step succession planning
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Avoid common succession planning mistakes and let us help develop a strategic succession plan for your business. At SIGMA, we have a variety of resources available to help with succession planning. Start by reviewing our Sample Succession Planning Process for strategies on how to avoid each of the pitfalls we’ve discussed here. Contact us to learn how we deliver a full year Succession Plan for each member of your leadership team in just two half-day workshops.