Succession planning is something that every company should account for. When businesses are able to move up key employees from within the organization, it ensures a greater chance of long-term success. But, how can you guarantee that your employees will be able to adjust and grow their skill sets as necessary?
Inc. Magazine contributor Jeff Hoffman explained that sometimes, for a company to hit its goals, it needs to let go of employees—even ones who are strong contributors. According to him, goals drive the business, not vice versa. It is important to realize which skill sets will best help these goals become reality, and then hire the necessary team members.
"As companies grow and change, so too will your needs, and the people who were a good fit back when may not be the best fit going forward," Hoffman wrote. "The solution is this: Train them or replace them. Don't 'find things for them to do.'"
Hoffman is only partially correct. Businesses will evolve over time, as will their organizational needs and goals. However, it is not necessarily as simple as "train them or replace them." Managers can implement 360 feedback and non-360 assessments to better understand employees and how they can contribute to the company.
By partnering with CCi Surveys International, organizations across numerous industries can receive the tools and training they need to help all of their employees become stronger contributors. Perhaps a company has a department that is struggling. With the right assessments and feedback information, it could be determined that the manager in question needs more guidance so he or she can guide the team properly.
Without 360 feedback, a business might assume that the entire department is unnecessary, and employees could be let go before the real issue is solved.