A “laser focus” on talent development is crucial in
succession planning, says Ron Magnus, Managing Director at the management consulting firm of FMI. Magnus will moderate the panel “Succession Planning:
Can You Afford To Wait?” on Monday, May 16 at 10:30 am, at the 2016 NASBP Annual Meeting & Expo in Colorado Springs, CO. Magnus also will deliver a keynote address on unique ways to perpetuate success in one's career and personal life.
“We encourage never leaning on just one person to be your
successor, because the statistics will be working against you,” Magnus says.
A strong salesperson might be ego-driven to think he or she
would be a strong leader, but that transition doesn't always work out in
reality, says Magnus.
The panel members will explore how knowing the difference
between leading and managing can be an important factor in succession
decisions, creating the need for a leader who can go beyond a cult of
personality to build high-performing teams and inspire people, Magnus says.
Some organizations are focused on a few star performers, but
“if it's going to be a generational business, you can't let high performers go
it alone,” he says. Therefore, top employees should have one or two others
working with them to learn how best to serve customers, resolve
misunderstandings and tackle other workplace issues, he says.
Organizations need a strong talent pipeline to create
long-term success, and that starts with “clarity of vision for the
organization” and core values that are conveyed articulately, as younger
employees “want something with higher meaning than just another job,” Magnus
“Once you have that, then there’s clarity around 'Where are
we going?' and 'What's our strategic vision for this organization 10 to 20
years from now?'” he says.
The discussion will “cover the gamut” of small, midsize and
large organizations, Magnus says. The panelists are surety leaders who will
discuss fundamental best practices for succession planning as well as their
industry-specific experiences on what works and what doesn't.
Speaking on the panel are:
Bryan Ayres of the NASBP Member firm of L A Surety Solutions
Doug Bowring of the NASBP Member firm of Arthur J. Gallagher
Rick Ciullo of the NASBP Affiliate Chubb Surety
Toby Miclette of the NASBP Member firm of Bowen, Miclette & Britt Insurance
Robert Shaw of the NASBP Member firm of Skillings, Shaw & Associates.
Magnus started the FMI's Leadership Institute, which is now
in its 20th year and has more than 6,000 alumni, according to FMI's website.
Read Magnus’ bio at the “Speakers” section the NASBP 2016 Annual Meeting App.
Download the App from http://app.core-apps.com/nasbp2016.