Succession Executive Recruiting
The Good Search offers succession recruiting services, building succession benches of potential replacements for your C-Level executives and critical senior executive roles. Succession benches inform succession planning and help ensure business continuity at the senior executive level.
In addition, reviewing profiles of potential successors and engaging in confidential conversations with candidates enables organizations to benchmark C-level talent and switch out problem leaders with top-performing candidates.
Succession recruiting is also an effective way to prepare for the potential departure of a key executive and to conduct a confidential executive search while an incumbent is still in the role.
A Growing Necessity
Organizational hierarchies have flattened over the years. The number of managerial levels have decreased. With fewer levels, the rungs on the corporate ladder have stretched further apart. Consequently, when executives climb the corporate ladder, they step into new roles with drastic increases in responsibility and scope. Without intermediate levels to serve as corporate training wheels, it is too easy for new corporate executives to fail.
Fewer internal successors combined with a higher risk of failure means there is only one place a company can go: outside. Companies must improve their succession planning bench strength with potential outside candidates. External benches are an effective way to tee up additional potential replacements for senior-level executives and to ensure continuity of leadership.
A Strategic Imperative
External succession benches provide companies with a current snapshot of the best executive talent available in the marketplace. The information is essential as companies reorganize and restructure to match force with the New Normal. Succession benches allow the CEO and Chief People Officer to quickly identify potential candidates for new executive roles that they create.
The SARS-CoV-2 pandemic has forced many organizations to review their projections about how resilient they would be in a crisis, including their succession plans. Many discovered they were not as prepared as they would have liked. That is why succession benches have become a strategic imperative in the age of COVID-19.