157. The Art of Succession

Succession planning creates a complex challenge when you discover a talented team member lacks the critical skills needed to advance despite their strong desire to move up. • Valuable team members may excel in many areas but struggle with core competencies needed for advancement• Breaking problems into smaller components can help develop skills, but some abilities like creative thinking are difficult to train• Lateral moves can sometimes provide faster advancement opportunities than struggling in the wrong role• Effective managers must invest significant time creating growth opportunities tailored to individual team members• Honest conversations about career paths, though difficult, demonstrate care for employees' long-term success• Building teams that can function without you is a sign of leadership success• Corporate clawbacks, like demanding repayment of $1,500 in vacation pay due to HR error, demonstrate misplaced prioritiesIf you enjoy our podcast, please consider supporting us through our link tree in the show notes. Your contributions help keep the show running and might even help us purchase Pepsi Man for our first livestream!Click/Tap HERE for everything Corporate StrategyElevator Music by Julian Avila Promoted by MrSnoozeDon't forget ⭐⭐⭐⭐⭐ it helps!

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