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Succession planning in light of the Financial Services Charter

Succession planning in light of the Financial Services Charter. By Sixth Sense Syndicate October 2004. FSC HUMAN RESOURCE TARGETS. Target 2008. Target 2014. Black people as a percentage of Senior management. Min 20% to 25%. Black women as a percentage of Senior management. 4%.

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Succession planning in light of the Financial Services Charter

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  1. Succession planning in light of the Financial Services Charter By Sixth Sense Syndicate October 2004

  2. FSC HUMAN RESOURCE TARGETS Target 2008 Target 2014 Black people as a percentage of Senior management Min 20% to 25% Black women as a percentage of Senior management 4% 33% of black target Black people as a percentage of Middle management Min 30% Black Women as a percentage of Middle management Min 10% 33% of Black target Black people as a percentage of Junior Management Min 40% to 50% Black women as a percentage of Junior management Min 15% 33% of Black target

  3. Challenges • Must be acceptable to all • Skills come at a premium • Perception of lack of skill

  4. So what are other countries doing?

  5. What are we currently doing in SA?

  6. Top management perceptions • Personal implications • Implications for the team and company • Other implications • View on succession planning • Industry related forums

  7. Criteria • Resource identification • Skills development • Strategic alignment • Implementation and measurement • Cultural diversification • Address the challenges

  8. Threats • Lip service • Culture • Measurements not in place • Scarce resources • Lack of buy-in

  9. Last but not least • Roll out plan • Financial aspect • Competitive advantage

  10. Questions

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