Develop Succession Planning for the Leadership Team

In this video, we’ll create the OKR “Develop Succession Planning for the Leadership Team”. Being able to recognize internal potential in a company and additionally making substantive plans for the future is a significant and impactful portion of the HR department’s job. A succession plan for the leadership in a company will undoubtedly have widespread effects within a company, and therefore your key results for this objective should be well-formulated and solid.

The key results we could use to measure this Objective are:

Increase the number of managers (project manager and above) who have completed succession planning from 60% to 90%

• Enroll 25 candidates( Director and Above) in the leadership development program
• Increase employee satisfaction scores in the monthly succession planning workshops from 70% to 90%

Let’s input this OKR in the Profit.co software.

After entering your Objective, you’ll create a new key result using the form. Input the first key result title– Increase the number of managers (project manager and above) who have completed succession planning from 60% to 90% — and select the target date for completing this key result. Because this key result contains a metric we would like to achieve– the number of managers that have completed their succession planning– we’ll select “Increase KPI” from the drop down menu. You can create a new KPI by pressing the plus sign symbol, or search for an existing KPI by browsing with the magnifying glass or searching the title. Indicate the percentage you’re at now–60%– and the percentage you’d like to achieve– 90%.

Then, you can indicate if you’d like to assign this key result to another member of your team, and add any additional context. Finally, select the desired frequency for check-ins on this key result, and press create.

Now, you have a specific and impactful key result that will necessarily help to develop succession planning for the leadership team. Here are the other key results that will assist with this goal–

Looking to the future is an important responsibility that the HR department of companies are tasked with. Identifying talent, and ensuring current employees in leadership positions are doing the same takes a lot of coordination and forethought with your coworkers. Using OKRs to synchronize your team and make substantial plans will ultimately benefit your team and the company as a whole.