Succession planning: A crucial mechanism for organizational wellbeing
Succession planning is a crucial mechanism for any organization's wellbeing. It helps to find the most talented candidate with a clear emphasis on growth potential. It allows the organisation, with the right skills and requisite experience, to fill roles which are potentially effective.
Biogen Idec: A focus on Neurology and Immunology
The company's main focus is on Neurology and Immunology, Biogen Idec. It has its main offices in Cambridge, MA, and was established in 1978.
Processes for Biogen Idec to identify possible development candidates
For students and others who have just completed their studies, Biogen offers internship and co-op programs. The organization retains top performing interns and integrates them into the system. They fill vacant positions and new ones as they become part of the organization. Biogen encourages employees to take initiatives and to demonstrate new skills which may be considered if a particular position becomes vacant. Employees closely work with their managers to enable them to create a viable development plan which helps push their professional growth. Also, on the Career and Development Planning portal on their website, the company uses the business strategy with the employee capability needs. Therefore, the organization conducts assessments at the end of every fiscal year to evaluate the potential of all employees to ensure that it has a wealth of talent to sustain its future growth.
Biogen Idec's Development Program
Coaching and Mentoring
Biogen Idec hires fresh graduates and interns. Through the guidance of more experienced employees, they integrate them into the system efficiently and effectively. According to Groove (2007), seminars, lateral employee rotation, and innovation circles help the company to cope technological dynamism.
Biogen offers research-based training to enable its workforce to remain congruent with the advancing field of technology and medicine at large.
Building Trust in Organizational Leadership
Biogen builds an iterative atmosphere among senior, junior, and subordinate staff which helps build trust within the enterprise. More so, this is orchestrated by time-to-time organizational meetings in which all employees air their concerns to the top management.
Providing Flexible Education Program
Biogen Idec provides an opportunity for its employees to improve their knowledge base. This is made possible by providing educational scholarships and financial reimbursements to individuals who travel to acquire knowledge and new technological eruptions in the global arena on behalf of the company.
Biogen Idec Steps for Individual Capability Program Development
Creating evaluation sheets where the employee performance is gauged;
Identifying the measures of employee performance;
Setting feedback communication lines;
Put in place employee disciplinary and job termination procedures;
Setting up a schedule for evaluation.
Does Biogen Approach Work?
I agree with the Biogen Idec's approach on succession planning. The company's approach is empowering the employee through programs such as training, research, and team building. According to Rothwell (2010), retaining and building talent from within helps to create and build a healthy organizational culture. The employees develop a sense of belonging, and this acts as a motivational factor among the employees, leading to a subsequent increase in productivity.
Succession planning helps an organization to effectively and efficiently fill gaps created by leaving employees. Furthermore, Biogen Idec's culture of recruiting from within is a good benchmark which can be utilized by other big companies in their human resource policies.
Grooves, K.S. (2007). Integrating the leadership, development and succession planning best practices. The Journal of Management Development, 26(3), 239-260.
Rothwel, W.J. (2010). The effective succession planning: Ensuring the leadership continuity and building of talent from within. AMACOM. Dv American Mgmt Assn.