HR Professional - June/July 2008 - (Page 41) H R 101 BY DUFF MCCUTCHEON CREATING A SUCCESSION PLAN succession plan should be integral to an organization’s HR strategy— especially for the leadership group. Leaders that are groomed from within—with company knowledge and a network of supporters—have a greater chance of success in top executive roles than an outsider. HR Professional spoke with three experts for their thoughts on succession plans. A Get support from the top A succession plan needs ownership from the CEO on down, says Ferio Pugliese, executive VP of people at WestJet. “The best succession plans are endorsed by the executive team. It’s an important business process, not an event.” Not only does this guarantee the plan has a senior champion, it ensures the process is aligned with the company’s strategic plan, says Grant Thornton’s Pierre Charbonneau. “For example, if your strategy says you’ll be branching into a certain business area in the future, you should be aligning your HR planning to support that.” And if there’s a board, make sure it’s involved— especially for executive-level succession plans. “The best companies start looking at CEO succession during the new CEO’s first board meeting,” says John Swain, a partner at Oliver Wyman’s leadership practice. “At each board meeting, the CEO gives an update on their succession plan and a committee moves work ahead. This establishes succession planning as a regular business process.” Illustration: Rémy Simard J u n e / J u l y 2 0 0 8 41 w w w. HRT houghtLeader. c om http://www.HRThoughtLeader.com
Table of Contents Feed for the Digital Edition of HR Professional - June/July 2008 HR Professional - June/July 2008 Contents Editor's Letter Contributors Leadership Matters Upfront Legal Compensation The Broad Perspective Leading by Example On Message Strategy Talent Management HR 101 Case Study Interview with J.P. Pawliw-Fry Off the Shelf The Last Word HR Suppliers Guide 2008 Calendar of Events HR Professional - June/July 2008 HR Professional - June/July 2008 - (Page Bellyband1) HR Professional - June/July 2008 - (Page Bellyband2) HR Professional - June/July 2008 - HR Professional - June/July 2008 (Page Cover1) HR Professional - June/July 2008 - HR Professional - June/July 2008 (Page Cover2) HR Professional - June/July 2008 - HR Professional - June/July 2008 (Page 3) HR Professional - June/July 2008 - HR Professional - June/July 2008 (Page 4) HR Professional - June/July 2008 - Contents (Page 5) HR Professional - June/July 2008 - Editor's Letter (Page 6) HR Professional - June/July 2008 - Editor's Letter (Page 7) HR Professional - June/July 2008 - Contributors (Page 8) HR Professional - June/July 2008 - Contributors (Page 9) HR Professional - June/July 2008 - Contributors (Page 10) HR Professional - June/July 2008 - Leadership Matters (Page 11) HR Professional - June/July 2008 - Upfront (Page 12) HR Professional - June/July 2008 - Upfront (Page 13) HR Professional - June/July 2008 - Upfront (Page 14) HR Professional - June/July 2008 - Upfront (Page 15) HR Professional - June/July 2008 - Upfront (Page 16) HR Professional - June/July 2008 - Upfront (Page 17) HR Professional - June/July 2008 - Upfront (Page 18) HR Professional - June/July 2008 - Legal (Page 19) HR Professional - June/July 2008 - Compensation (Page 20) HR Professional - June/July 2008 - Compensation (Page 21) HR Professional - June/July 2008 - The Broad Perspective (Page 22) HR Professional - June/July 2008 - The Broad Perspective (Page 23) HR Professional - June/July 2008 - The Broad Perspective (Page 24) HR Professional - June/July 2008 - The Broad Perspective (Page 25) HR Professional - June/July 2008 - The Broad Perspective (Page 26) HR Professional - June/July 2008 - The Broad Perspective (Page 27) HR Professional - June/July 2008 - The Broad Perspective (Page 28) HR Professional - June/July 2008 - The Broad Perspective (Page 29) HR Professional - June/July 2008 - The Broad Perspective (Page 30) HR Professional - June/July 2008 - Leading by Example (Page 31) HR Professional - June/July 2008 - Leading by Example (Page 32) HR Professional - June/July 2008 - Leading by Example (Page 33) HR Professional - June/July 2008 - Leading by Example (Page 34) HR Professional - June/July 2008 - On Message (Page 35) HR Professional - June/July 2008 - Strategy (Page 36) HR Professional - June/July 2008 - Strategy (Page 37) HR Professional - June/July 2008 - Strategy (Page 38) HR Professional - June/July 2008 - Talent Management (Page 39) HR Professional - June/July 2008 - Talent Management (Page 40) HR Professional - June/July 2008 - HR 101 (Page 41) HR Professional - June/July 2008 - HR 101 (Page 42) HR Professional - June/July 2008 - HR 101 (Page 43) HR Professional - June/July 2008 - HR 101 (Page 44) HR Professional - June/July 2008 - Case Study (Page 45) HR Professional - June/July 2008 - Case Study (Page 46) HR Professional - June/July 2008 - Case Study (Page 47) HR Professional - June/July 2008 - Interview with J.P. Pawliw-Fry (Page 48) HR Professional - June/July 2008 - Interview with J.P. Pawliw-Fry (Page 49) HR Professional - June/July 2008 - Interview with J.P. Pawliw-Fry (Page 50) HR Professional - June/July 2008 - Off the Shelf (Page 51) HR Professional - June/July 2008 - Off the Shelf (Page 52) HR Professional - June/July 2008 - Off the Shelf (Page 53) HR Professional - June/July 2008 - The Last Word (Page 54) HR Professional - June/July 2008 - The Last Word (Page Cover3) HR Professional - June/July 2008 - The Last Word (Page Cover4) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BGCover1) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BGCover2) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BG3) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BG4) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BG5) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BG6) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BG7) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BG8) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BG9) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BG10) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BG11) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BG12) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BG13) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BG14) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BGCover3) HR Professional - June/July 2008 - HR Suppliers Guide 2008 (Page BGCover4) HR Professional - June/July 2008 - Calendar of Events (Page C1) HR Professional - June/July 2008 - Calendar of Events (Page C2) HR Professional - June/July 2008 - Calendar of Events (Page C3) HR Professional - June/July 2008 - Calendar of Events (Page C4)
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