Succession planning: A guide

Thursday 18th July 2019

Businesses and public sector organisations are increasingly recognising the importance of succession planning, both within the senior executive team and at board level. We advise several clients on succession planning, and it is becoming more of a focus for ambitious organisations who want to future-proof their operations. Here we present the Goodson Thomas guide to everything you need to consider when it comes to future-proofing your organisation. Why do we need a succession plan? The skills, knowledge and experience required to steer an organisation effectively will inevitably change over time in response to market developments, opportunities and challenges. Board succession planning allows directors to match the organisation's future needs based on the long-term vision with the best-qualified directors. Taking a long-term, strategic approach to your…

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How to approach diversity in your business

Wednesday 19th June 2019
Sian Goodson

Diversity makes clear business sense, yet many companies still haven't woken up to the benefits of diversity, and too many sectors are woefully behind when it comes to ensuring their workforce represents the people they serve.  It's important to remember that diversity comes in many forms, not just gender, age or physical ability. The most successful firms have a variety of different perspectives and mindsets in their teams; achieving this means being creative in the way you approach your talent recruitment and retention strategy. Here are some strategies to help you ensure you have a more diverse workforce and senior team. 1. Have an equal opportunities policy in place An equal opportunities policy sets out your organisation's commitment to fairness and states how you will deal…

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Thinking Outside the Box When Hiring

Thursday 13th December 2018

The millennial workforce is definitely not an easy one to please. With employee retention rate lower than ever before, and the modern worker being completely unafraid to leave a steady job in search of better opportunities and a more appreciative work environment, it's no wonder that modern entrepreneurs and business leaders are struggling. In an extremely competitive job market, managers are having a difficult time finding, attracting, and keeping top talent in the industry from leaving the company for an appealing counter-offer, but that is just a single problem the modern business leader has to face. Here is why it's important to think outside the box when looking for new team members and how to successfully effectuate the strategy. Give everyone a…

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The importance of adapting and connecting in the workplace

Friday 7th December 2018

"We don't see the world as it is, we see it as we are," Anaïs Nin once wrote. One place where it is especially apparent that people hold different perspectives of the world and themselves is in the workplace. By learning to view the world through different perspectives, and being open to adjusting our behaviour, each of us can better adapt, connect, lead others more effectively and work better in teams. Whether you are an HR leader, manager or work within a team, here are some tips on how to better understand your colleagues and build a foundation for success. Do some detective work Like a detective, take the time to spot clues about others' preferences on your team by observing their body language,…

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How successful CEOs manage their time

Wednesday 21st November 2018

For all the power CEOs wield, they can't add hours on the clock or days to the calendar. Yet everyone wants a piece of them: Leadership teams, senior managers, rank-and-file workers, customers, board members, investors, outside groups, the media. And they want their attention face-to-face, on email, by text and by phone, even on weekends and vacations. Add to those demands CEOs' personal needs — for rest, relaxation, time with family, exercise and doctor appointments. That's why those running companies have to be very discerning in how they use their hours. Those who do it best are "rock solid clear about what should get their time. They do not have time siphoned away by tasks, meetings and commitments that should really be met by…

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