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If you're looking for a quick, easy, and fun guide to constantly cultivating from within your organization the talent to move up and fill positions left behind by others, don't look here. Written by a human resources expert who teaches at Penn State, Effective Succession Planning must surely be one of the driest books ever written on this topic, from its aggressively unsexy title and jacket to its college-textbook format and arsenal of supplementary checklists, flowcharts, and exercises.
Having said that, it's also probably one of the most thorough books on the topic (and a fine complement to The Leadership Pipeline), incorporating methodical and meticulous guidelines to preparing for and quickly filling crucial vacancies at all levels of the organization, from top management to sales, administrative, technical, and production positions. Not only does it lay out a plan for instituting a long-term succession planning program that includes everything from early action steps to ongoing evaluation and revision, it also shows how to develop, monitor, and evaluate talent and skills in individual employees in order to promote effectively from within (although it acknowledges that sometimes the best choices come from outside, and offers key steps for optimizing the outside-search process as well).
Everything is covered here, from the legal implications of hiring and firing and online and high-tech resources to major trends that will affect succession planning in the years ahead. And, thank god, the author has incorporated some case studies--both fictional/composite and those of several large real-life companies--to add some names and faces to a volume that's about as dry as the Sahara, and (for human-resource professionals, at least) potentially as welcome as a fresh supply of water if you happened to be stuck in such a place. --Timothy Murphy
Book Description
When key employees and executives move on -- whether expectedly or unexpectedly -- organizations had better have a good succession plan in place. The most comprehensive and authoritative book on the subject, Effective Succession Planning has helped countless companies develop strong succession programs and avoid major disruptions.
Thoroughly revised to reflect the latest trends and best practices, the book presents strategies for identifying competencies, clarifying values, assessing current and future needs, and creating a complete, systematic succession planning program. The third edition also features all-new material reflecting the author's surveys on:
* whole system transformation
* software support packages
* tapping retirees to manage succession crises
* the growing activism of boards in succession planning
* and more
The book includes a new diagnostic tool to assess specific succession needs, illuminating case studies, and a CD-ROM with worksheets, assessment tools, and training guides.
Customer Reviews:
Exceeded my expectations.......2007-09-28
Rothwell's book is one of the more comprehensive and well researched books covering this growing topic. It includes a wealth of information following all of the major steps of the Succession Planning process. The book contains useful worksheets and task process flows that allow a reader to rapidly introduce the core concepts into their organisation. A great resource.
excellent reference.......2007-06-20
easy to understand and absorb great intro reference
Like a lot of other things---it's only as good as you apply it.......2007-05-12
The need for succession planning is reaching crisis proportions, yet few organizations are willing to face the crisis and do something about it.
There's nothing magic here---just a realistic, comprehensvie, flexible approach to get the job done. The strenghts in this book:
- Finding the right devleopmental activity for the right level of management
- Design, gain support, and implement, and maintain your succession process.
- Lots of extras, including assessments and a plan to devleop a mentoring program.
A great value.
Extremely Helpful.......2005-08-29
Rothwell provides not only an excellent review of the current literature but countless worksheets for practice. If you are interested in succession planning issues this book is a must. I would also recommend "The Leadership Pipeline" by Charan, Drotter, & Noel. And buy a copy of "Strategic Organizational Learning" by Beitler. Beitler has several free articles on his website "[...]" that are also helpful.
Laura Taylor
Baltimore, MD
Very good book,plus..........2003-06-19
This is a very good book. In addition to this, I would strongly recommend "Strategic Organizational Change" by Beitler. The two books make a powerful combination.
Book Description
This expert, one-of-a-kind handbook shows you how to:
- Ensure that your inheritance instructions will he carried out -- the way you want them to be
- Protect your child's inheritance from creditors, ex-spouses, addictions, tax troubles, mismanagement, squandering, and other risks of loss
- Prevent family conflict that can arise when parents die and children divide the "family money"
- Leave more money to your children and grandchildren, and less to the IRS -- and understand the hidden cost of a "death tax" repeal
Customer Reviews:
Lots of mini-cases; Easy to read.......2007-09-28
Only estate book I've seen written in an easy-to-read, mini-case-study format. Very practical and thought-provoking advice. Tends to focus on little worst-case scenarios in an attempt to get people to plan properly for all the things that can go wrong in an estate.
For what it's worth, I thought the book was generally best-suited for estates with $100,000 to about $2,000,000 in assets. Don't get me wrong, there's something in here for all estate sizes - especially for people just starting the process of developing a plan. However, don't buy this book looking for technical discussions of advanced tax-minimizing strategies. If you or your clients have estates over this $2MM mark, this book can be a great thought-provoker, but some of the advice isn't really suitable for larger estates.
Do right by your kids...get this book.......2007-03-15
I have several estate planning books...the "how to" type and they are great. This is the book you need to read before you start filling in the blanks. I wish my parents had read this book. It would have saved my family relationships. This book gives you the basic information you need before drawing up your trust. Protect your beneficiaries and prevent family conflict by reading this book!
So good I bought 4 extra copies for friends.......2007-01-19
Estate planning is so important if you don't want your son in law running off with half your estate in the event of your kid's divorce. This book was a great asset to me ... and a real eyeopener as to what can happen at the reading of your will if you haven't equalized everything. the author even gives you his phone number that readers can call and ask questions free. The book is so good I bought 4 extra copies for friends.
Ditto of "janimac's on April 11, 2006".......2006-12-28
As strange as this may sound, my review is identical to janimac's on April 11, 2006 (except I merely *told* 3 friends about it).
The answer to my prayers.......2006-04-12
What a relief!!! I finally found a book that would help me help my parent plan their estate! Thank you so much for your wonderful, easy to read book. Once I picked it up, I could not put it down! This book has practical, real world examples of inheritance planning issues and considers the "human" side of inheritances. It's a must read if you need to do estate planning. I just came back and bought three copies to give to my friends. It's the best gift I could possibly give them!
Book Description
Thoroughly revised and updated to reflect the latest tax codes, the third edition of How to Settle an Estate is the essential step-by-step guide to lead readers through the complex and daunting process of settling an estate. In clear and practical lay terms, authors Charles K. Plotnick, L.L.B., and Stephan R. Leimberg, J.D., both experts in estate planning, provide readers with invaluable advice, including:
* How to raise cash for immediate estate expenses
* Dealing with insurance claims
* Knowing when to hire a lawyer, an accountant, and a stock broker
* Managing real estate
* Distributing assets
And much more...
Customer Reviews:
I'm glad I bought this book!.......2000-09-13
I will probably be asked in the next few years to be an executor, but, as is mentioned in this book's introduction, "You know generally that an executor is someone who handles the affairs of a deceased person, but you have no idea how to get the job done." After reading this book, you know that the first thing to do after the funeral is to hire an estate attorney to tell you what must be done. The book also mentions that it might be possible to totally avoid probate, which could greatly simplify things and save money. This book stresses that there is no need to try to be a do-it-yourself executor. You're definitely going to consult with a lawyer to see what the current estate laws are in your area, and you might need to also hire other professionals, but these people should all remain hired hands; the executor must stay in command. I didn't expect this book to give the estate-law quirks for all fifty states; you might find that some of what it says doesn't apply in your state. It's still a very good introduction to being an executor, and it let me know that an executor doesn't have to be totally helpless in legal land. That in itself is worth the book's cost!
One Of The Best.......2000-05-19
I have read six different books concerning wills, probate, and trusts in the past few months. Of the books that I have read, this is clearly the best. All of the standard stuff is here - except the constant reminders by the authors to hire an attorney. Unlike nearly all the other books, the authors do not talk-down to readers. The language was never too simple-minded and only in a few cases did I have to read a paragraph again to determine its meaning. The authors give hints and insights which I did not find in the other books. And the book contains the best explanation I have read concerning why trying to determine and report the lowest possible value of estate assets is not always the best idea. I do not plan to die for several years. If I could give to my future executor only one book, this would be it. I miss only estate/probate information about each state. Therefore, I am still confused about the interrelationship between state estate reporting and taxes and federal ones. Essentially, everything depends on the value of the taxable estate. If 20% of the readers of this book do so in anticipation of a death, my bet is that only 1% of those will have a taxable estate over $1 million. And those people not having a million-dollar estate (after 2006) will not need to pay federal estate taxes - thereby eliminating the need for most of the book. First-time executors reading the book because of immediate need and suspecting a taxable estate value more than $675,000 will be able to afford to hire a lawyer to do the (subjectively) most difficult parts of the job.
Good, But!.......2000-04-12
As an overview, it's difficult to imagine a better introduction to the labyrinthine ways of settling an estate. But as to details and particulars, it's woefully inadequate. The checklist at the end of the book is helpful. The thesis, viz., KEEP RECORDS, is important. But it's examples and suggestions on how to do certain, e.g., tangible acts, like dealing with creditors, secured versus unsecured claims, goes unmentioned. despite its enormous importance. There's only two sample letters, and they're not altogether novel or esoteric. Again, a good overview, just very short on particular issues, examples, and samples.
Tells you what you need to know.......1999-09-02
This book tells you nearly everything you need to know as an executor of an estate. It has lots of detailed information and practical advice. It is far superior (and cheaper, too!) than its competitor, ``Where There's a Will'' by Bauers. The information density is very high and the explanations are clear. Note particularly the detailed advice and description of a central task, filling out the Form 706 estate tax return (though the authors do suggest you also talk to a tax attorney).
There was only one question I wish the authors had answered: how to handle the affairs of the estate between the time of death and the time one has the letters testamentary that authorize you to act as executor. In that period, it seems, you have little or no legal authority to do anything even though there is much to be done.
I'm buying it for my clients!.......1998-09-29
The best basic "how-to" guide I've seen for executors and administrators. Not "do-it-yourself" tear-out forms, just good, practical, up-to-date (in '98) advice. I'm sending complimentary copies to my executor and trustee clients (via Amazon.com, natch!)
Product Description
You ve heard the human resource buzz words talent management, talent assessment, high potentials, succession planning but what does it all really mean? What steps and decisions are involved in the creation and implementation of these programs? How will you be able to measure these programs to ensure positive business results are achieved? Written by two human resource practitioners who have implemented these programs in Fortune 500 companies and lived to tell the tale, Building Tomorrow s Talent provides practical ideas and tools to help others create and enhance these programs in their own organizations. In this book you ll find: Talent Management checklists, frequently asked questions, charts, slide presentation ideas, and a project planning template Talent review meeting facilitation tips and potential answers to the challenging questions you are likely to receive from business leaders The controversial to tell or not to tell question of high potential notification is thoroughly explored, as well other high potential identification decisions
Customer Reviews:
Outstanding resource.......2007-06-28
This book is an outstanding resource for any HR Business Partner and any business leader who understands the importance of identifying and building individual and organizational capability. The book contains very practical ideas and suggestions that will help an organization build maturity in talent management and succession planning. This is one of those books that all HR practitioners in HR Business Partner or Organizational Development roles should have!
Don't Leave Home Without It!.......2007-06-19
I purchased this book in preparation for several Talent Reviews that I was due to plan and facilitate within my organization. To say the least, it was a tremendously helpful and useful resource every step of the way. Not only did it provide me step-by-step guidance on preparing all the details of my sessions, but the checklists and templates were instrumental in helping me facilitate effective and meaningful discussions for my clients.
I am now using this book to help me in preparing next steps following the Talent Reviews to ensure momentum is not lost. And once again, I am delighted by the insight and practical tools the book offers to support me in this process.
My favorite part of this book is its "just-in-time" nature. I have read it on planes, in the office, at home and at stop lights on my way to work. In fact, I've even had it by my side in the actual Talent Review discussions in case I need to refer to it during breaks.
I highly recommend this book to anyone involved with Talent Management and Succession Planning in their organization. It offers new insights, as well as reinforces concepts and ideas you've heard before, and packages it all in a practitioner-friendly way to ensure effective application.
A unique and highly recommended instructional reference .......2007-06-09
The collaborative work of human resource specialists Matthew Gay and Doris Sims, "Building Tomorrow's Talent: A Practitioner's Guide To Talent Management And Succession Planning" is a superbly organized and articulately presented compendium of practical advice, ideas, tips, techniques, and planning tools designed to create and implement processes for the accurate assessment of a leadership team within any sized business organization from newly launched entrepreneurial enterprises to established multinational corporations. "Building Tomorrow's Talent" features numerous checklists, 'FAQ' sections, charts, slide presentation ideas, and an applicable project planning template adaptable to any business organization. Of special note is the 'to tell or not to tell' question with respect to high potential notification decisions. "Building Tomorrow's Talent" is a unique and highly recommended instructional reference for anyone charged with the responsibility of developing and managing the human resources of a business operation of any size or scope.
Very practical solutions.......2007-06-01
This book is a refreshingly practical guide for HR professionals and organizational leaders of all types. The components of a plan are well identified and the authors offer legitimate advice for those who'll actually do the work of succession planning.
Succession Planning Made Simpler .......2007-05-19
[...] Naturally, I bought a copy because I've done my fair share of succession planning in large corporations. And I wanted to see the finished product.
I found this book very easy to use. It's a wonderful checklist against everything you've ever done in succession planning--or a great resource for an HR or OD professional going through a talent review (as they now call it!) and needing some guideposts. The format is easy to read--the authors are up-front about the issues you could confront and anticipate. A wonderful tool for the toolbox.
Book Description
What if there were a way an owner of a private company could:
- Sell stock of the company, pay no tax on the proceeds, and still keep control?
- Increase the company's working capital and cash flow with no cash expenditure?
- Provide employees with equity at no cash outlay on anyone's part?
- Make life insurance premiums tax deductible?
- Increase productivity, profitability, and company value with no cash outlay?
- Allow the corporation to operate in a totally tax-free environment?
An ESOP-- Employee Stock Ownership Plan-- does all that and it does it with the sanction and encouragement of the United States Congress.
ESOP: The Ultimate Instrument in Succession Planning, Second Edition is a comprehensive yet easy-to-understand guide emphasizing the corporate financial benefits that an employee stock ownership plan can offer as a business financing instrument. Written by noted expert Robert Frisch and updated to include the latest developments, this book explains in clear language ESOPs work and how owners of private corporations can use them as versatile financial tools to achieve their succession planning objectives.
Average customer rating:
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Achieving the Perfect Fit: How to Win with the Right People in the Right Jobs (Improving Human Performance)
Nick Boulter ,
Ph.D., Murray Dalziel , and
Jackie Hill
Manufacturer: Gulf Professional Publishing
ProductGroup: Book
Binding: Hardcover
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ASIN: 0884156257 |
Book Description
Tap the skills of your most vital resourceemployees. This book shows you how to improve individual and organizational performance by aligning corporate strategy with the management of people. You will learn why some people are more successful than others and how that can work for your organization.
Whatever your role---CEO, manager, or human resource professional---Achieving the Perfect Fit guides you in how your organization can use employee skills and talents to gain the competitive edge. This book shows you how to:
Improve your competitive position
Get the right people for the right job
Relate pay to skills
Manage cultural differences
Develop the leaders of tomorrow
An impressive team of international human resource management consultants provides you with new contributions and up-to-the-minute case studies.
Attain business success through leveraging individual performance with Achieving the Perfect Fit.
Tap the skills of your most vital resourceemployees. This book shows you how to improve individual and organizational performance by aligning corporate strategy with the management of people. You will learn why some people are more successful than others and how that can work for your organization.
Whatever your role---CEO, manager, or human resource professional---Achieving the Perfect Fit guides you in how your organization can use employee skills and talents to gain the competitive edge. This book shows you how to:
*Improve your competitive position
*Get the right people for the right job
*Relate pay to skills
*Manage cultural differences
*Develop the leaders of tomorrow
An impressive team of international human resource management consultants provides you with new contributions and up-to-the-minute case studies.
Attain business success through leveraging individual performance with 'Achieving the Perfect Fit.'
Improve your competitive position
Get the right people for the right job
Relate pay to skills
Manage cultural differences
Develop the leaders of tomorrow
Book Description
Many organizations today are scrambling to prepare for an expected wave of retirements. Almost twice as many job openings are occurring from people retiring than from economic expansion--a direct function of a steadily aging workforce. The implications for businesses, government agencies, nonprofits, and educational institutions are enormous, as organizational leaders maneuver to fill the talent pipeline. In this context, organizations are stepping up their investments in career planning (training and development programs to help employees hone their skills and qualify for advancement) and succession management (programs designed to ensure the continuity of leadership). To date, these programs have generally been treated in isolation, and the combined effects of attracting, developing, and grooming talent from the bottom up and the top down are being lost. Drawing from the authors' decades of research and practical experience, a survey of 1,000 human resource practitioners, and examples from a wide variety of organizations, Career Planning and Succession Management shows readers how to create that crucial link between succession and career development programs. Showcasing the most current theory and practice, the book address such hot-button issues as: how to prevent top performers from leaving, how to balance the competing needs of promoting from within versus bringing in new blood, and dealing with unexpected "retirements" in an age of corporate scandal. Featuring numerous diagnostics, checklists, and other interactive elements, Career Planning and Succession Management will become an indispensable guide for leaders and human resource professionals looking to align individual and organizational goals and ensure their economic future.
Customer Reviews:
Table of Contents.......2007-08-12
Table of Contents
1 Reflections on the contemporary business scene : why career and succession planning must be integrated 3
2 An approach to integrating career and succession planning programs 25
3 Establishing an infrastructure to support the integration of career and succession planning 71
4 Competency models and value systems 89
5 Assessment and evaluation for career and succession planning programs 101
6 Career planning and career counseling 115
7 Training and development 133
8 Mentoring 155
9 Career coaching 173
10 Self-directed learning 181
11 The self-assessment approach : finding value in a new methodology 197
12 Other approaches 209
13 Questions and answers 223
14 The future of career and succession planning 233
App. 1 What is an employee? : the answer depends on federal law 239
App. 2 Introduction to career counseling competency statements 243
App. 3 Leaders for tomorrow 255
App. 4 Differentiating between coaching and mentoring 263
Product Description
Answers vital questions about achieving success in a family business plus a comprehensive Six Transition model for family business succession planning. A must for the owner and professional advisors to family owned businesses.
Book Description
The complete guide for managing the financial, legal, and emotional issues of inheritances large and small.
A death in the family is never easy, but receiving an inheritance, whether expected or not, can leave heirs feeling overwhelmed and even guilty at this change in their fortunes. Ann Perry’s insightful examination of the challenges make managing a bequest a little easier.
Combining her practical know-how as a personal finance writer, the expertise of financial advisors, attorneys, and psychologists, and the wisdom gained from her personal inheritance experience, Perry deftly deals with such touchy subjects as selling the family homestead, divvying up property in “blended families,” parceling out heirlooms, dividing a family business, and sharing—or not sharing—an inheritance with a spouse.
With refreshing candor, Perry addresses the guilt, grief, and unrealistic fantasies that can keep heirs from making the most of their windfalls, and also explores the unique, even life-changing, opportunities that a bequest can present. An excellent tool for estate planning, as well, this is essential reading for those who are writing their wills as well as those who are remembered in one.
Download Description
The complete guide for managing the financial, legal, and emotional issues of inheritances large and small.
A death in the family is never easy, but receiving an inheritance, whether expected or not, can leave heirs feeling overwhelmed and even guilty at this change in their fortunes. Ann Perry's insightful examination of the challenges make managing a bequest a little easier.
Combining her practical know-how as a personal finance writer, the expertise of financial advisors, attorneys, and psychologists, and the wisdom gained from her personal inheritance experience, Perry deftly deals with such touchy subjects as selling the family homestead, divvying up property in "blended families," parceling out heirlooms, dividing a family business, and sharing -- or not sharing -- an inheritance with a spouse.
With refreshing candor, Perry addresses the guilt, grief, and unrealistic fantasies that can keep heirs from making the most of their windfalls, and also explores the unique, even life-changing, opportunities that a bequest can present. An excellent tool for estate planning, as well, this is essential reading for those who are writing their wills as well as those who are remembered in one.
Customer Reviews:
book review.......2007-10-08
This is an outstanding book! Great for those who inherit any amount of money.
Good All Around .......2004-09-15
Ann's book does a nice job of touching on a full range of emotions and feelings. The book wasn't heavy on specific advice, just all around good ideas that everyone should acknowledge when receiving an inheritance. It is a pretty light read with good examples and stories for anyone reading the book. I purchased copies for other members of my family to help them with our recent situation.
a complete approach for inheritors.......2003-08-19
Ms. Perry (the GO FISH heiress) has written a book that covers both the emotional and the financial sides of getting an inheritance. I found her advise on both sides to be sensitive and helpful. I recommend reading this book before giving or coming into an inheritance.
This is a great book!.......2003-06-25
This book was wonderful. My father died 10 months ago and I just read this book. I wish I had found it earlier. The subjects discussed in this book are hard to share with others. Finally I realized there were others out there that felt as I have. I am going to be purchasing copies of this book to give to my attourney, the funeral director and my appraisor. My hope is that they will give them away to someone who is just starting to go through this processes. If you are an inheritor you need this book! It is also good for anyone to know information about estate planning.
Book Description
Family Business Succession: The Final Test of Greatness is the first volume in the series. In its pages you will learn-- * the components of an effective succession plan, including successful * financial and estate planning * when to begin the succession process, how to select and develop the * best candidate(s); * how to communicate the plan to family members and the organization; * how to prevent and resolve conflicts and tensions; * how to overcome resistance to transferring power, as well as ideas * for new roles, new careers and other post-retirement activities; * ways to ensure the financial security of retiring parents or other owners; * what valuable assistance can be provided by outside advisors or a board of directors; * how to avoid common post-succession mistakes and problems; and much more... Family Business Succession shows you how to turn succession from a potentially explosive crisis into a renewed commitment to the business and the family. It is fast-reading, and filled with real-life cases, practical tips and useful checklists.
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