5.1 Each significant role has a virtual bench of 2 people, contacted quarterly | Made to Thrive 29/34
Welcome video 29 in this series of 34 two minute videos detailing the key concepts in my new book, “Made to Thrive”.
“Made to Thrive” outlines the five key roles that a leader must undertake to transition from being a good leader to being a great leader.
Those five roles are accountability, ambassador, culture, strategy and succession planning.
Today, we’re talking about succession planning and in particular, 5.1, each significant role within the organisation has a virtual bench of at least two people who are contacted quarterly.
We’ve got a real problem when it comes to recruitment. The problem is that business owners and managers have a dream, and that dream looks a little something like this.
There’s a vacancy because of growth or a person has resigned.
The leader puts a job advert on an online job board.
The very next day, the perfect applicant applies, is able to come in straightaway, is over-qualified for the role and can start the very next day. But because salary wasn’t discussed in the interview, the leader finds out that in actual fact, they’re able to pay that person less than what they expected.
And I put it to ya that this dream has never happened once in the history of the world.
The only way to build a great business is with great people, and the only way to get great people is to cast a wide net.
You can’t rely on luck, and that’s what we’re talking about here, building a system for you to communicate with the superstars in your industry so that when a job becomes available, not only can you talk to recruiters, not only can you place a job advert and draw on those other methods, but equally you’re able to communicate and discuss with people you already have an existing relationship with, who are the superstars in the industry, about the opportunity to come and work for your organisation.
If you’d like to learn more about “Made to Thrive”, you can watch all of these videos on YouTube or you can purchase the book on Amazon, and I’ll put the links below for both of those.
Learn where to order Made to Thrive below