It was the Greek Philosopher, Heraclitus of Ephesus who rightly stated “Everything changes and nothing stands still” and we’ve all heard the expression “a failure to plan is a plan to fail.” While clichés and old sayings are easy to dismiss and can often be overlooked, both these sayings assume great relevance for every organisation, when it comes to putting in place a plan of succession.
Assuming your organisation doesn’t consist of only you and only serves your personal whims, it means there are other people depending on your business. It is likely that, they are counting on this opportunity with your organisation not only for their immediate needs but also for their professional growth requirements which will help them grow in the near future as well.
In such a scenario, putting a succession plan in place will help you identify, train and mentor the next generation of leaders and managers, who will take your organisation to the next level.
How to implement a succession plan?
I hate to admit it but mentoring your current leadership and also the next generation of leaders, while engaging in day-to-day business activities can be daunting and time-consuming experience. But thanks to readily available resources like Cloud LMS software, you can train, motivate and establish standards to make your leadership succession plan work.
Understand the role of an LMS in mentoring leaders
Investing in employees is a wise decision and one of the best investments a company can make. As an employer or a team leader, the onus lies on you, to train your employees to do their jobs more effectively, pay attention to their professional needs, and even identify and nurture employees who display leadership skills.
After all, the success of every business is dependent on leadership development. To achieve this, developing a set of protocols around how to identify and nurture the employees with leadership traits assumes relevance.
There are companies that follow the conventional approach and allow its top performers to understand the varied business functions, but the broader leadership imperatives are not taken into account and eventually the individuals are left to acquire and develop leadership skills on their own.
Topics such as how to deal with uncertainty, ways to find long-term opportunities, improving team building etc are not addressed.
In such a scenario, using (Learning Management System) LMS proves beneficial for these enterprises. Developing a training program (using the blended learning approach) which includes Instructor Led Training (ILT), executive mentoring, e-learning self-study, group-based projects, performance support and ongoing assessments via a single online platform can make mentorship training effective and result-oriented.
As the popular saying goes “leaders are made, not born”, using an LMS to nurture leaders of tomorrow can bring desired results. Apart from making your employees future ready, a cloud LMS will let you instill the organization goals, values and purpose into every employee who comes on board.
Once your team gets a grasp and knowledge of your organization’s core values, then you can use a cloud LMS to help increase the level of proficiency in each job role. Moreover, it can safeguard your organisation against downtime, by cross training employees (who are quick and interested to learn) in another role, within the organisation so they can fill in or replace another worker, as and when the need arises.
Benefits of a succession plan
The results of a well-planned and consistently implemented succession plan will help your organisation grow smoothly and perhaps even larger, than you had ever envisioned. People often put in more efforts when there are well-defined goals, and clear pathways to achieve objective growth which means, they are more successful.
To develop this next breed of leaders, you must look for those employees who will embrace the importance of continuity. They should be made to understand that they play an important role in the growth of the organisation.
You must continually identify the supply of qualified and motivated people, and be committed to providing them with an opportunity for advancement to step in, when others step down. Any good recipe requires multiple ingredients and building a successful organisation is no different. You will need people with a variety of talent to achieve your organisation’s vision.
Your commitment to help your employees grow will let your organisation retain and recruit top-performing team members regardless of your location, size or benefits package.
Having a succession plan will help sustainability of your organisation as well as its effectiveness. There are programs and services in place, which are critical to your organisation and this should continue working even after a team member leaves.
Succession planning helps increase the retention of your talented team because they know they are valued as time, attention and development are being invested in them. It also makes them feel that they care in an environment that appreciates and supports career development and advancement.
As the old saying goes, the ball is now in your court. Do you want to coach the next gen leaders and make your company grow or continue reeling under the pressure of under performance?
Kamy Anderson is an ed-tech enthusiast with a passion for writing on emerging technologies in the areas of corporate training and education. He has 7+ years of experience working with professionals in learning management system and other eLearning authoring tools. This has given him hands-on experience of the latest course authoring software and an exclusive insight into the eLearning industry.