1 / 10

Succession Planning for Diversity in Financial Services

Explore successful strategies and challenges in succession planning for increased diversity in financial services. Learn from industry practices, current South African initiatives, and top management perceptions. Address resource identification, skills development, strategic alignment, and cultural diversification criteria to overcome threats like lip service, lack of buy-in, and scarce resources.

azuka
Download Presentation

Succession Planning for Diversity in Financial Services

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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

More Related