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What questions do directors need to ask about talent management and succession-planning?

Jack Smith, Sound, Flowers Gallery

Writing in BusinessWeek, Claudia Lacy Kelly, the global practice leader of Spencer Stuart's Human Resources Practice, outlines key questions that corporate directors should ask about talent management.

The questions are:

  • What succession-planning process is in place for the senior executive level (CEO, CFO, CIO, CHRO and business-unit leaders)?
  • How does the company assess the competence of its senior executives and the people immediately below them?
  • How much time do senior executives spend succession planning at the top level?
  • Who is responsible for leadership/career development and succession planning below CEO level?
  • How is the company dealing with global workforce planning, where are the talent gaps for the next five years, and how will they be filled?
  • Is the company doing enough to retain mission-critical and high-potential talent?
  • Does HR have the critical leadership necessary to address these key questions?

Source
What Directors Should Ask about Talent Management
Claudia Lacy Kelly
BusinessWeek