{"id":216353,"date":"2022-06-22T08:56:00","date_gmt":"2022-06-22T07:56:00","guid":{"rendered":"https:\/\/letstalktalent.co.uk\/?p=216353"},"modified":"2024-02-07T10:58:17","modified_gmt":"2024-02-07T10:58:17","slug":"dont-lose-your-specialists-to-the-competition","status":"publish","type":"post","link":"https:\/\/letstalktalent.co.uk\/blog\/dont-lose-your-specialists-to-the-competition\/","title":{"rendered":"Why succession planning is vital to retain your technical specialists – don’t lose them to your competition"},"content":{"rendered":"\n

Why you should expand your succession plans to include more than your leadership team<\/h2>\n\n\n\n

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Got a succession plan in place for your business? That\u2019s great. But if it only covers your C-Suite, it\u2019s only a starting point. The current state of the employment market is creating some key gaps in many organisations\u2019 plans as specialists are being courted (and often snatched away) by competitors, leaving unfilled roles and resulting in businesses losing crucial knowledge and expertise. It has become evident that employers rely on specialists just as much as they rely on their General Managers (GMs), and the departure of one of your experts can be just as disruptive as that of a senior executive. Specialists are behind product launches, new innovations, thought leadership, research and much more. They are your legal experts, financial team and HR professionals as much as your data scientists. In short, everything that can give you an edge over your competitors. So how can businesses ensure they are prepared and can set next steps in motion when it comes to planning the succession of their key specialists? Here\u2019s how. <\/p>\n\n\n\n

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What is a specialist? And why should you focus on them?<\/strong><\/h2>\n\n\n\n

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Early in their careers, most people have to make a decision on whether to become specialists or generalists. Generalists usually go on to manage or lead teams, or even join the organisation’s C-Suite. Their training focuses on soft skills such as emotional intelligence, change management or effective leadership as well as commercial skills. Specialists, on the other hand, usually stick to one area of expertise, which can sometimes limit their promotion prospects. As such, they often have limited or expensive training and development opportunities, as opposed to high potential generalists, tagged for leadership positions. This can lead to specialists not feeling valued or having very few options when it comes to challenging themselves and propelling their careers forward. But employers are now learning that not granting specialists the same level of focus and attention as they do aspiring leaders can be a costly mistake. Especially in a market geared up towards recruiting generalists, with specialists becoming much harder to find (and attract). So how can you safeguard your organisation and ensure your specialists feel appreciated, challenged and motivated? That\u2019s where succession planning<\/a> comes in. <\/p>\n\n\n\n

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3 questions to ask to kickstart succession planning for specialists <\/strong><\/h2>\n\n\n\n

Succession planning is about having the right people in the right roles, doing the right things to deliver your long-term strategy<\/a>. And when it comes to this particular equation, not all roles are created equal. Step one of your journey should be identifying the positions, skills, traits and attributes you require in order to survive and thrive as a business. This map should include specialist roles within each business unit. Once those are mapped out, ask yourself: <\/p>\n\n\n\n

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