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Review
"This fifth edition incorporates the many changes to the economy over the past 15 years, including how succession plans were recast as a direct consequence of 9/11." --HR Professional
“… especially helpful for those who are early in their exposure to succession planning practices…Highly experienced practitioners will also find good nuggets of information, pointers, and reminders.” --PM World Journal
"An indispensable resource for any organization concerned with retaining the accumulated wisdom of its most valued employees." --Coaching Tips, The Leadership Blog
"Fifth edition of this seminal book, a vital resource for any organization looking to put in place a working, solid succession plan...comes with wealth of added and revised content." --TD magazine
From the Inside Flap
Is your organization truly prepared for the loss of your most crucial players? Are there certain technical or specialized positions at your company with only one person who knows how to do them? What would happen if your most valuable executive walked into your office right now, and announced she was leaving to accept a similar position elsewhere? Do you know how to cope with the loss of certain key members of the management team you’ve come to rely on?
In short: Do you have a rock-solid succession plan in place?
The definitive guide to a timely and timeless topic—now fully revised and updated—the Fifth Edition of Effective Succession Planning is an indispensable resource for any organization concerned with retaining the accumulated wisdom of its most valued employees.
Covering best practices, current trends, and the latest technology, this long-trusted manual provides you with the tools and guidance you need to revamp your succession strategy, create and put in place a new one, and arm yourself against the trauma of personnel shakeups…all without missing a beat. You’ll learn how to:
• Plan for and quickly fill crucial vacancies at all levels from top management to sales, administrative, technical, and production positions.
• Develop and retain top talent, building and preserving your organization’s intellectual capital.
• Identify competencies, values and ethical requirements for both planning and managing a succession program.
• Assess current needs and future resources for seamless succession planning.
• Use the latest technology to organize and implement succession planning and management programs.
• Go beyond succession planning to address talent management and related issues.
Fully updated to address challenges brought on by globalization, recession, technology, and more, the Fifth Edition features new and revised material on topics including: succession planning for small businesses and nonprofits; replacement planning; transition management; downsizing; international issues; mergers and acquisitions as a talent strategy; and succession planning for technical positions as well as roles built on longstanding social relationships.
Every company’s heart and soul—not to mention its bottom line—is dependent on the collective wisdom of its people. If your organization doesn’t take steps to address future talent needs at all levels, you’re sure to face disruptions, and even disasters, when key employees leave.
Packed with forms, tools, examples, and guidance, this is an essential handbook for any organization that wants to keep moving forward, when employees move on, without missing a beat.
WILLIAM J. ROTHWELL is Professor of Workplace Learning and Performance in the Workforce Education and Development program on the University Park campus of The Pennsylvania State University, and the President of Rothwell & Associates, a business consultancy with more than 40 multinational clients in the private, public, nonprofit, and government sectors. An internationally respected authority on human resources issues, he is a frequent speaker at conferences and seminars around the world, and the author of Invaluable Knowledge: Securing Your Company’s Technical Expertise, a sister book to accompany this book that focuses on attracting, developing and retaining technical talent crucial to an organization’s competitive advantage.
From the Back Cover
Who will lead your company tomorrow? If you fail to plan for the sudden absence of those who have either been groomed to continue their ascent up the ladder—or those whose knowledge you simply can’t function without—consistent leadership and the institutional memory of your organization can get lost in the shuffle.
The most comprehensive book on the subject—now extensively updated—Effective Succession Planning reveals how to:
Plan for and quickly fill crucial vacancies at all levels • Identify competencies and clarify organizational values • Develop and retain top talent, building and preserving the organization’s intellectual capital • Assess current needs and future resources for seamless succession planning • And more
Packed with enlightening case studies and practical guidance—and featuring new and revised material on topics including international issues, mergers and acquisitions, downsizing, transition management, and more—this is an indispensable guidebook reflecting the latest trends and best practices in succession management.
Praise for Previous Editions of Effective Succession Planning:
“If you’re leading the succession planning charge in your company, you can find most anything you need to know in this book.” — Training magazine
“This book is practical, readable, and highly useful to anyone seeking long-term solutions to the succession planning dilemma.” — Stephen B. King, Ph.D., Executive Director, Leadership and Management Development, Management Concepts
“Rothwell, through his aggressive research and a systematic approach to succession planning, has developed a guide for today’s leaders and HR managers on how to be prepared to deal with changes in key human capital.” — Patrick E. Gerity, Ph.D., Executive Director, State System University Center for Southwest Pennsylvania
“. . . A valuable resource.” — HR Professional
“Dr. Rothwell brings the practices of succession planning into the fifth generation in this new book. Practitioners and others who are faced with planning and implementing state-of-the-art succession planning programs in organizations will find this to be a must-have resource.” — David D. Dubois, Ph.D., President, DuBois & Associates, and author of Competency-Based Performance Improvement
“Rothwell brings succession planning into proper perspective for organizations. From an in-depth strategic viewpoint to an operational, applications-based approach, the author has captured and delivered a comprehensive approach to succession planning.” — Dr. Robert K. Prescott, SPHR, Director, Management Development Institute, Eckerd College, affiliate of the Center for Creative Leadership
“This book equipped me with the skill set I needed to create and implement an effective succession plan for my organization. I found the activities and practical guides and tips extremely helpful for making my succession planning initiative a reality. This will make a huge difference in our ability to retain and develop our employees.” — Marsha King, Ph.D., Senior Management Development Consultant, Capital One Financial
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