CONTEXT
A listed insurance company, addressing broad change management activity, wanted to increase awareness of its organisation and strengthen its internal succession pipeline.
APPROACH
- Identification of key positions to be reviewed for succession planning purposes
- Assessment interviews with incumbents of each key position and potential successors
- Preparation of a risk management dashboard
- Analysis of the pipeline, to assess the mix of competencies and experience and readiness to cover the role
OUTCOME
- An overview of the succession risk to have key positions vacant and a related recovery plan
- Deep analysis of the potential and experience of the executives and the firm’s internal pipeline
- Individual development plans as a tool to support next generation leaders for key roles