SUCCESSION PLANNING
Strengthen Your Leadership Pipeline to Shape Future Business Strategy
Maintaining stability is critical during any leadership change. Without effective planning, identification and development organisations risk losing top talent to competitors, promoting the wrong individuals or failing to align talent strategy with business needs. Succession planning matters.
By adopting ongoing scenario planning backed by powerful analytics, your organisation can ensure a smooth transition that aligns leadership capabilities with future priorities, whether you're addressing an upcoming leadership change or enhancing your existing strategy. Our extensive succession planning expertise gives you the confidence that your organisation is prepared to address any future challenge.
How We Can Help
Our succession planning services draw on decades of assessment, succession, and development expertise, combined with global talent data and advanced analytical and scenario planning tools.
These decades of assessment mean we know exactly what strong leadership looks like, helping you understand the talent you have, and recognising the talent you need.
1
We find the next CEO who will lead your company into the future
We draw on our vast database of CEO assessments to develop customised success profiles that align with your business strategy. We identify individuals from both internal and external talent pools who have the potential to succeed in your organisation, both now and in the future. Our assessments include exercises to help your board of directors determine the best candidates for the job, and to support applicants in understanding what it takes to succeed.
2
We plan for leadership change at every level
We build success profiles for all your critical leadership roles, and use them to measure the strengths and development paths of your leaders. This allows you to identify who is currently performing well and who has the potential to succeed in the future. We plan ahead by providing training, education, and extensive coaching and mentoring to prepare the leaders of tomorrow. We think three moves ahead to help you recruit and prepare tomorrow’s leaders, today.
3
We show you if your succession plan is working
Our talent reviews use a proven, data-led process to paint a full picture of the talent you have—and translate that data into actionable insights capable of informing strategy and nurturing your people. Fill any potential skills gaps and help develop your people to become the leaders you need to achieve your business goals.
4
We help you develop your talent with intention
Our professional and executive coaching supports individuals to bridge any gaps they may have within their roles. We help you choose the appropriate combination of development programs to nurture teams that thrive in fast-changing environments, adapt to new technologies, and drive innovation.
Learn More About Leadership Development Services
5
We help you build an effective path for progression planning
We understand that the true strength of an organisation lies in its people. That’s why we are committed to unlocking the full potential of your teams with our progression planning strategy that not only prepares your individuals for the next step in their careers, but aligns with your organisation’s current capabilities and future needs. With the right plan in place, we can help to transform your people’s potential into measurable performance—making your organisation more robust and ready for the future.
Accelerate Your Leaders' Readiness with Transformative Leadership Development
Enterprise Leader Institute (ELI)
The transition from executive to enterprise-level leader is more than a promotion. Enterprise leaders must understand, develop, and leverage their abilities, as well as the ever-dynamic organizational and marketplace environment around them, to deliver value for the organization, people, and stakeholders they serve.
Dynamic Succession (LS)
Our dynamic succession solution uses both internal and external talent data to support your succession and progression planning. This highly-configurable approach can address a range of talent scenarios mapped to your unique needs—delivering actionable insights on the impact of making specific succession decisions, how macro trends affect leadership pipeline health, and more.
Executive Coaching
Our tailored coaching programs are crafted to bridge skills gaps and enhance leadership abilities among your key talent. We focus on developing leaders from the inside out, with executive coaching backed by over 1500 coaches across the globe—each with significant business leadership experience.
Top-performing company drives culture of increased accountability
To drive higher performance and accountability for a top performing company, Korn Ferry delivered a holistic solution that included success profiles, assessment, development, and change management.
Outcome: Company survey data shows that core behaviors are well understood by 87% of employees, and over 90% of leaders feel motivated to inspire their teams to adopt these behaviors.
Search, selection, and accelerated onboarding of new CEO leads to 25%
increase in share price
Korn Ferry's executive search, selection, assessment and Chief Executive Institute supported the transition of a new CEO, including the discovery of his deeper purpose. This led to a new vision for the company and clarity regarding his role in executing against it.
Outcome: Share price is up over 25% since the arrival of the new CEO.
Organization builds an innovation pipeline while also building its future talent pipeline
In order to build a pipeline of future business presidents, Korn Ferry identified high potentials and formed cross-functional teams engaged in addressing business challenges. This enabled the CEO to transform the company to outpace growth through innovation-building practices.
Outcome: The result was a customer feedback loop to create a pipeline of new offerings while accelerating the readiness of future leaders. Program participants showed 10-25% higher engagement scores than non-participants.
From business and reputational risk to industry-leading practices in DE&I
A global consumer organisation was required to change its beliefs and practices to avoid a boycotting and further reputational damage. Korn Ferry solutions included both structural and behavioral DE&I work.
Outcome: Achieved perfect score in the Human Rights Campaign Corporate Equality Index. 85% positive responses from employees on leadership commitment to DEI, and saw the number of women in the leadership and talent pipeline increase to 40%.
Company transforms from product to software and shifts from declining
to growth trajectory
Korn Ferry partnered with the company to determine and develop the future talent needed to support their product to software transformation.
Outcomes: 20% cost reduction in the first year of transformation. Increase in revenues from €12 billion to €20 billion in three years, and 25% sales increase in the fifth year put the company back on its growth trajectory.
Change Starts With a Conversation
Speak with a Succession Planning Services Expert
