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If you havent yet begun succession planning within your healthcare organization, youre not alone. In fact, 70% of hospital chief executives say theres no succession planning within their facilities, while more than 50% of system CEOs report that it isnt done on a system level, according to a report published by the American College of Healthcare Executives.1 However, with nearly 75% of healthcare CEOs planning to retire in the next 10 years and 60% of chief nursing officers anticipating changing jobs in the next four years, succession planning isnt something hospitals can keep on the back burner. There is never a better time to begin succession planning than right now. Here are a few thought provoking questions to help lay the foundation for an effective succession planning process that will ensure outstanding performance at all levels of your organization, provide management strength and continuity, plus enrich and fill your leadership pipeline.
3. What is the most important factor in building a strong framework of support for a succession plan?
A succession plan simply will not succeed without the support of the organizations board of directors. A formal decree from the board will demonstrate to all employees that this is not a flavor-of-the-month initiative but a permanent fixture within the organization and an excellent opportunity to learn and grow in their careers.
Succession Planning Practices & Outcomes in U.S. Hospital Systems: Final Report. American College of Healthcare Executives, August 2007.
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7. When is it necessary to go outside the organization to fill a position instead of going with an internal candidate?
There are times when rapid or far-reaching change is required and no internal candidates fit the bill. You may need a person with certain skills, new thinking or more varied experiences, and thats the time to reach out to a recruiting expert to help round out and strengthen your workforce. A best-practice search consultant will expand your search horizon exponentially while providing objectivity, a wide range of potential solutions and valuable time for your team to focus on the other issues at hand.