Succession Planning

Focus Infosys

Flow of presentation

• Succession planning• Replacement v/s Succession Planning• Reasons to Succession planning• The succession planning process• The steps to succession planning• Benefits of Succession Planning• Infosys Succession planning• The Nine Pillars

What is succession planning?

• Succession planning is a process whereby an organization ensures that employees are recruited and developed to fill each key role within the company.

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Replacement v/s Succession Planning

• Form of Risk Management

• Substituting

• Narrow Approach

• Restricted

• Planned Future Development

• Renewing

• Organized Alignment

• Flexible

Why Succession planning?

Within any organization, people in leadership positions eventually cease to fulfil that role. This can occur for a variety of reasons, such as:

• Promotion within the organization

• Move to part-time arrangements

• Voluntary departure from the organization.

Why succession planning?(Contd.)

• Involuntary departure from the organization.

• Retirement

• Serious illness

• Death

The succession planning process

Succession planning requires steps to • Obtain leadership guidance• Collect relevant information• Make key decisions• Execute succession and development actions.

The succession planning process(Contd.)

The steps to succession planning :

• Define purpose, goals, and scope

• Assemble an oversight committee

• Set policy

The steps to succession planning:(Contd.)

• Define operational parameters

• Develop and conduct the assessment

• Compile and organize the data

The steps to succession planning:(Contd.)

• Conduct organizational reviews

• Implement development plans

• Assess process effectiveness

Benefits of Succession Planning

• Development

• Identify Skill Gap

• Search Internal & External Candidate Pools

Benefits of Succession Planning(Contd.)

• Improve Learning Management System

• Enables Manager & Employees in Succession Planning

Infosys Succession planning

• The Infosys Leadership Institute at the company's Mysore campus comes into the picture.

• The 162,000 square feet structure, built at the cost of Rs 41.1 crore (Rs 411 million)

The Nine Pillars

The Nine Pillars (Contd.)

1. 360 degree feedback

2. Development assignments

3. Infosys Culture workshops

The Nine Pillars (Contd.)

4. Development relationships

5. Leadership skills training

6. Feedback intensive programmes

The Nine Pillars (Contd.)

7. Systemic process learning

8. Action learning

9. Community empathy

Thank you