Succession planning in light of the Financial Services Charter
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Transcript of Succession planning in light of the Financial Services Charter
Succession planning in light of the Financial Services Charter
By Sixth Sense Syndicate
October 2004
FSC HUMAN RESOURCE TARGETS
Target 2008 Target 2014
Black people as a percentage of Senior management
Min 20% to 25%
Black women as a percentage of Senior management
4% 33% of black target
Black people as a percentage of Middle management
Min 30%
Black Women as a percentage of Middle management
Min 10% 33% of Black target
Black people as a percentage of Junior Management
Min 40% to 50%
Black women as a percentage of Junior management
Min 15% 33% of Black target
Challenges
Must be acceptable to all Skills come at a premium Perception of lack of skill
So what are other countries doing?
What are we currently doing in SA?
Top management perceptions
Personal implications Implications for the team and company Other implications View on succession planning Industry related forums
Criteria
Resource identification Skills development Strategic alignment Implementation and measurement Cultural diversification Address the challenges
Threats
Lip service Culture Measurements not in place Scarce resources Lack of buy-in
Last but not least
Roll out plan Financial aspect Competitive advantage
Questions