Fit leaders invest time in identifying and developing potential successors. They regularly chart the strengths, needs, and improvement opportunities of promising professionals within their organization.
If you want to create sustainability and build long-term value for your company, it’s important to make sure your organization’s top talent receives attention, rotational assignments, and other developmental opportunities to keep them engaged and committed. Plus, by taking the time to map talent within your company, you ensure that successor candidates are prepared when promotional opportunities arise.
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April 1, 2022Complete the succession chart below and make a point to update it regularly.
E = Emergency
Who can step into the position now even though they are not entirely ready?
List 1-2 people
RN = Ready Now (within 1 year)
Whom do you expect to be ready in less than a year?
List 1-2 people
RT = Ready in Time (within 1-3 years)
Who will be ready to step in after additional development?
List 1-2 people
RLT = Ready Long Term (more than 3 years)
In whom do you see potential on a longer-term basis?
List 1-2 people
LEADER DEVELOPMENT EXERCISE
Are you taking time to develop other leaders? Ask yourself these questions.
• Who are your high-performance employees?
• What process do you have in place to regularly review the talent in your organization?
• What are you doing to retain your best people?
• What positions on your team are crucial to achieving your current and future business goals?
• What legacy do you seek to leave?
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About the Author: Dr. David Chinsky is the Founder of the Institute for Leadership Fitness, a celebrated speaker, and author of The Fit Leader’s Companion: A Down-to-Earth Guide for Sustainable Leadership Success. After spending nearly 30 years in executive leadership positions at the Ford Motor Company, Nestle, and Thomson Reuters, he now focuses on preparing leaders to achieve their highest level of professional effectiveness and leadership fitness. For more information, please visit https://fitleadersacademy.com/.
This article contains excerpts from Dr. Chinsky’s book The Fit Leader’s Companion: A Down-to-Earth Guide for Sustainable Leadership Success.