Are you investing in a talent pool ?
We find ourselves in a situation where we need to have a resource who can do certain activities while we can go do the task that needs a higher priority for us. However; we may find that we do not have anyone to help us out because we may not have invested in spotting a talent in the first place for a multitude of reasons like no time, no budget, not a priority.
To enable our business or pleasure to move forward, we may want to invest in succession planning. The key is to identify and invest in succession planning when we don’t have to and not when we need to and there may be a slight difference here.
If we search for a successor when we need to chances are that we wont find one but the upside is that we have saved time, money, and effort in the activity of finding a successor.
If we search for a successor when we don’t have to then we end up investing time, money, and effort in searching for resources who could help us when we may face trouble but the upside is that we have a successor when we need one.
The decision to choose a successor may depend upon multiple factors like the critical nature of the business we are in, the budget we have for a year, the visibility of our products or services and we may end up choosing a successor only when we need to but we have to realize that choosing resources based on need is tactical and a short-term play.
The concept of having a talent pool and identifying resources who can help the business move forward may be helpful when the business wants to invest in long-term planning.
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