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Organizational planning is one of the key practices that can be incorporated in an organization’s framework to guide the company in a positive direction. Effective strategic planning expresses not only where an organization is heading and the activities expected to lead a successful path, but also lets you know whether it is fruitful. Therefore, this guide sheds light on how companies should lay out objectives and strategize in order to accomplish both short and long-term goals.
Importance of organizational planning:
The e-book explains how organizational planning helps a company uncover approaches to enhance performance. It can, for instance, show the insights about how to restructure your organization with the goal that it can achieve its maximum capacity. Developing new products, expanding operations and an all-round strategic plan manages how you react to challenges.
Core elements of organizational planning:
For running an organization successfully, the company needs to build a pipeline by identifying high potential (HiPo) employees, planning ahead to specific positions (due to retirement or attrition) using succession planning. Next in line is developing existing key positions using leadership development. This guide now delves into the following building blocks of strategic planning:-
i) High Potential Identification-
The key indicators of HiPo talent using psychometric assessments include the learning ability to easily pick up new work, social skills to thrive at workplace and the inherent drive (like ambition or hard work) to take-up challenging tasks. Thereby, this e-book informs how companies can leverage based on these three indicators.
ii) Succession Planning- It is a strategic approach where companies use modern assessment tools to keep the next line of leaders ready in case of attrition or retirement. Succession planning enables organizations to recruit high potential employees and develop their knowledge and abilities to prepare them for taking up key positions within the organization.
iii) Leadership Development- Leaders are central to the long-term success of organizations. Since majority of employees working at senior positions retire or take untimely retirement, it becomes necessary to fill the vacuum. Psychometric assessments analyze a future leader on the basis whether he is a) able to create a healthy work culture, b) through with product knowledge along with c) an expert in keeping up with industry trends. Thereby, the test targets an individual who can consistently keep his team motivated, thus giving impetus to production rate.
Execution of organizational planning:
This e-book suggests organizations to know what they want before planning their business model. This is where psychometric assessments play a key role; to target employees, gauge the extent of training and even measure the effectiveness of training incorporated. The guide further takes you through the need for setting up Assessment Centers and Development Centers (AC/DCs), which are comprehensive psychometric projects intended to assess potential successors for key positions in an organization, through systematic evaluation process and training procedures.
- Need of organizational planning for reaping long term benefits
- Building blocks on which strategic planning rests
- Application of planning in the business model
- Extensive case studies of clients