Succession Planning
“Being ready isn’t enough. You have to be prepared for a promotion or any other significant change.” – Pat Riley
Succession planning is a critical part of strategic planning for every organization — yet only 10% of organizations rate their succession management system as effective.
When done effectively, succession planning reduces time-to-fill for critical positions, mitigates risk, reduces leadership turnover and identifies leaders and board members who can drive the organization forward.
Equity Solution’s succession planning solution supports leaders and organizations with comprehensive development methods that not only engage and retain leaders, but also enhance their abilities and prepare them for the future. Our proactive approach identifies the competencies needed to prepare the right people for the right opportunities at the right time. Through succession planning, organizations are able to discern bench strength for key positions, realign to meet employee capabilities and implement data-driven succession development that supports organizational goals and strategic objectives.
Succession Planning
Equity Solution’s Leadership Calibration™ combines succession planning and leadership development to establish a long-term and data-driven process for managing talent across an organization. Leadership Calibration™ provides a holistic snapshot of leaders in the organization and supports leaders and organizations with comprehensive development methods that not only engage and retain leaders, but also enhance their abilities and prepare them for the future.
Leadership Calibration™ begins with a thorough assessment of organizational values and structure, participants, and key skills. The assessment process incorporates qualitative and quantitative data about participants and the organization. Leadership Calibration™ articulates development needs for leaders so they are prepared for critical positions while reducing attrition risk and improving employee engagement. Ultimately, this solution provides a roadmap for development success and accelerates the preparedness of leaders to fill critical positions should they become vacated unexpectedly.
Benefits to the organization include:
- Quantifying leadership capacity through baseline snapshot and metrics to track progress
- Ensuring leadership continuity in key positions
- Retaining and developing intellectual and knowledge capital
- Encouraging individual advancement
- Reducing time-to-fill for key positions and recruiting costs
- Enabling development of customized solutions for individuals and subgroups
Board Services
Diverse boards that reflect the workforce and community populations — by gender, ethnicity, age, socio-economic status and geography — bring knowledge and experience that strengthen overall company operations and inform policies to improve equity for your workforce and customers.
Equity Solutions understands that boards of directors can have a direct impact on equity and that they need to be representative of your workforce and customer base. To that end, Equity Solutions specializes in board member identification, board development, and succession planning. Comprehensive organizational assessments are completed that identify appropriate director candidates whose backgrounds and skills align with the board’s needs. This assessment is used to develop a leadership pipeline as well. We onboard members and provide leadership development services to the entire board.
INTERESTED IN LEARNING MORE?
We work to make organizations more diverse and inclusive. From equity assessments to leadership development and talent acquisition, Equity Solutions acquires, develops, and engages professionals for organizations. We work with you to decipher your organizational data and build a plan that targets specific opportunities for growth with tactics that are proven and impactful to help you better serve your customers.
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