Honeywell unexpectedly lost the leader of a $12 billion business unit last year…and announced his replacement in 1.5 hours. Do you have a succession-ready culture where the next-in-line is “job ready?”
During one leader’s annual performance review, the CEO asked what her career aspirations were. The CEO was surprised that she was content at the current level, and did not want to move any higher. As she said, “I don’t want to get too close to the sun, as I don’t want to get burned.” She was not “job ready” for a promotion.
Looking at Generation Y, they have high expectations for development opportunities and will leave a company if they perceive that they are not preparing to be “job ready” for the next level. One way that companies are completing information knowledge share to increase their job readiness is through fostering communities of practice, which is a networks of peers and experts.
Are your employees “job ready” for the next level?
