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					 Succession planning in light of the
    Financial Services Charter



By Sixth Sense Syndicate
October 2004
FSC HUMAN RESOURCE             Target 2008   Target 2014
TARGETS

Black people as a percentage   Min 20% to
of Senior management           25%


Black    women      as    a    4%            33%        of
percentage   of      Senior                  black target
management
Black people as a percentage   Min 30%
of Middle management


Black    Women      as    a    Min 10%       33%       of
percentage   of      Middle                  Black target
management
Black people as a percentage   Min 40% to
of Junior Management           50%


Black    women      as     a   Min 15%       33%       of
percentage   of       Junior                 Black target
management
Challenges

   Must be acceptable to all
   Skills come at a premium
   Perception of lack of skill
So what are other countries doing?
What are we currently doing in SA?
Top management perceptions

   Personal implications
   Implications for the team and company
   Other implications
   View on succession planning
   Industry related forums
Criteria

   Resource identification
   Skills development
   Strategic alignment
   Implementation and measurement
   Cultural diversification
   Address the challenges
Threats

   Lip service
   Culture
   Measurements not in place
   Scarce resources
   Lack of buy-in
Last but not least

   Roll out plan
   Financial aspect
   Competitive advantage
Questions

				
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posted:2/21/2012
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