{"id":6440,"date":"2022-03-11T07:33:12","date_gmt":"2022-03-11T06:33:12","guid":{"rendered":"https:\/\/www.otp.ch\/?p=6440"},"modified":"2022-03-14T09:36:40","modified_gmt":"2022-03-14T08:36:40","slug":"assessment-internal-succession-planning-for-the-ceo","status":"publish","type":"post","link":"https:\/\/www.otp.ch\/en\/assessment-internal-succession-planning-for-the-ceo\/","title":{"rendered":"Assessment &#8211; Internal succession planning for the CEO"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">We are regularly asked by our clients to advise them on promotions and the selection of the best candidates for a specific position. For personnel selection procedures, we use our value-based assessment center approach.<\/span><\/p>\n<p><!--more--><\/p>\n<p><span style=\"font-weight: 400;\">This enables us to evaluate not only the job-relevant competencies but also, in particular, the personality aspects and behavior-determining values of a person. We had such a case with a company from the watch industry, in which the internal succession plan of the CEO was to be confirmed and, if necessary, supporting measures were to be proposed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The promotion of suitable internal candidates offers numerous advantages, in particular the appreciation and development of human capital. At the same time, the savings in time and resources are also significant, as the candidate does not have to be recruited first and already knows the company with its culture, values, and processes. This significantly shortens the familiarization period. However, in order to avoid miscasting and related frustrations as much as possible, it is very important to carefully evaluate hard and soft skills and especially the candidate&#8217;s attitudes and values.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2>The request of our client<\/h2>\n<p><span style=\"font-weight: 400;\">In the context of this internal succession plan, the board of directors asked us to provide a detailed assessment of the proposed candidate based on an assessment center and in particular:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">To evaluate the relevant competencies and skills, but also his attitudes and values with regard to this task.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">To identify his strengths and weaknesses so that the candidate, in case of promotion, can continue to develop positively.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">To formulate recommendations for concrete actions so that the assumption of the new function can be implemented in the best possible conditions.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>Our assessment<\/h2>\n<p><span style=\"font-weight: 400;\">The first part consisted in carrying out a personality inventory and a leadership behavior assessment test. These tests aim to identify the candidate&#8217;s strengths and development needs compared to a broad reference population. These tests were administered online prior to the face-to-face event.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The second part, which took place on-site, consisted of various exercises conducted by our team of experienced assessors. We select these on a case-by-case basis with regard to the function and specific situation of each mandate. In this case, this second phase included:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A structured interview to analyze the candidate&#8217;s background, values, and expectations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A role-play to manage a crisis under stress, in order to evaluate his management skills and behavioral preferences.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The presentation of his vision of the company to assess his view on the CEO role he is aiming for.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An interview to evaluate the two tests previously conducted.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>Our results<\/h2>\n<p><span style=\"font-weight: 400;\">The assessment conducted allowed us to confirm the candidate&#8217;s strengths for the targeted position. Thus, we were able to establish that the candidate:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">draws on sound analytical skills to make a decision. He has a proven ability to quickly grasp complex situations in a logical, systemic, and rational manner. He or she does not disregard any detail, looks at every element, and hypothesizes based on sound reasoning. Then takes care to enlist the support of others. Based on this, he quickly proposes a structured action plan.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Has a very good resistance to stress. His main sources of stress are: an overly insecure work environment, boredom, and lack of follow-through. In these cases, he may become anxious and careless in his decisions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Has a great need for structure and organization. His very good stress resistance and great emotional stability make him very pleasant to deal with.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">can be perceived as inauthentic and very reserved. He sometimes appears as someone who has difficulty empathizing with others and dealing with emotional situations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Has a rigidity-based, rather directive leadership. He sets the course, giving more weight to tangible elements than less tangible ones.\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">We also made our client aware of the values that are important to his flourishing:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">His desire to balance professional career and family life.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">His desire to participate in an ambitious and sustainable project where his word carries weight.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">His need for independence and entrepreneurship.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>Our recommendation<\/h2>\n<p><span style=\"font-weight: 400;\">Based on the assessment, we identified a need for development in better onboarding employees with a clear and personal vision of the company. By being a role model of the company values he can share his human side and show emotion. Our recommendation was to accompany the candidate in developing these competencies through coaching.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2>The positive decision<\/h2>\n<p><span style=\"font-weight: 400;\">Based on our report and a feedback meeting between the various people involved, the appointment of our candidate as CEO was confirmed by the Board of Directors, along with a transition period and coaching. We are convinced that all factors for a smooth transition are in place. This will enable the company to continue its development successfully!<\/span><\/p>\n<p>&nbsp;<\/p>\n<div style='text-align:center' class='yasr-auto-insert-visitor'><\/div>","protected":false},"excerpt":{"rendered":"<p>We are regularly asked by our clients to advise them on promotions and the selection of the best candidates for a specific position. For personnel selection procedures, we use our [&hellip;]<\/p>\n<p><a href=\"https:\/\/www.otp.ch\/en\/assessment-internal-succession-planning-for-the-ceo\/\" class=\"more-link style3-button\">Read More<\/a><\/p>","protected":false},"author":14,"featured_media":6432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[41,82],"tags":[],"class_list":["post-6440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-assessment-en","category-erfahrungen-unserer-klienten-en"],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":4,"sum_votes":20},"_links":{"self":[{"href":"https:\/\/www.otp.ch\/en\/wp-json\/wp\/v2\/posts\/6440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.otp.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.otp.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.otp.ch\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.otp.ch\/en\/wp-json\/wp\/v2\/comments?post=6440"}],"version-history":[{"count":0,"href":"https:\/\/www.otp.ch\/en\/wp-json\/wp\/v2\/posts\/6440\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.otp.ch\/en\/wp-json\/wp\/v2\/media\/6432"}],"wp:attachment":[{"href":"https:\/\/www.otp.ch\/en\/wp-json\/wp\/v2\/media?parent=6440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.otp.ch\/en\/wp-json\/wp\/v2\/categories?post=6440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.otp.ch\/en\/wp-json\/wp\/v2\/tags?post=6440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}