SuccessionPlanning Sara M. Frasch, Ph.D. University of New Mexico Hospitals Human Resources 1 Objectives • Give examples of the various generational issues in nursing • Describe venues leaders can take to make leadership roles exciting to the various generations • Describe methods used to engage the various generations into projects that excite and motivate them • Describe the steps in developing a workplan on succession planning 2 InHealthcare… 2500 2000 1500 1000 500 0 years years years years years years and over 16 to 19 20 to 24 25 to 34 35 to 44 45 to 54 55 to 64 65 years Millennials Gen X Boomers Millennials • • • • • • • Contributing to the greater good Transparency—truth Near-constant feedback Flexibility Connected to their elders Are okay being directed and taught Remote locations 6 Millennials WORK LIFE Work integrates into life 7 EngagingMillennialsin Advancement – Choice – Feedback mechanisms • In healthcare—this is the patient voice – Job Design • Job Enlargement • Job rotation • Job enrichment 8 FeelGood,DoGood • • • • • Skill variety Task identify Task significance Autonomy Feedback 9 10 Engagingtheminleadership Appealing to… • The entrepreneurial spirit • The social-good call 11 12 Engagingtheminleadership Appealing to… • The entrepreneurial spirit • The social-good call 13 14 SuccessionStrategy 5 4.5 4 3.5 3 Planned 2.5 Bad Strategy 2 1.5 1 0.5 0 100% Staffed Quick Departure 15 SuccessionPlan Internal • Continuity • Few disruptions • Known quantity • Know what they’re getting into • Cultural fit External • New ideas/best practices • Expertise • Best candidate for the job • No sacred cows • Reapplication of previous “wins” 16 WheretoBegin? 17 Planning • • • • • Identify key positions Make a list—current and emerging needs Chart it—positions and potentials For each potential—gaps Groom *Secure senior leader and Board support 18 InternalSuccession • • • • Assess ability to advance No assumptions—have you asked them? Maps Promotion protocol 19 ExternalSuccession • • • • Transition checklist Leadership development Integration in culture Connection 20 6Successors Identify the skills necessary to be your organization’s CEO. 21 KeyTake-Aways Millennials: • Quick movement • New challenges Gen Xers • Freedom • Autonomy Have a PLAN 22 THANK YOU! 23
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