Assistant Director, Workforce Analytics & Planning
Australian Financial Security Authority
10:20 AM AFSA: Embedding Succession Planning to Mitigate Risks in Critical Roles, Build Capability and Retain Talent
This session will outline how the Australian Financial Security Authority (AFSA) embedded succession planning as part of its workforce planning cycle, and integrated succession planning with workforce management processes to ensure increased workforce and organisational performance. The session will focus on:
- AFSA’s approach to building a succession planning process responsive to business needs and focus
- The steps AFSA took to build the mechanisms to integrate succession planning with recruitment, learning and development and talent management
- Developing leaders’ capability to conduct effective succession planning, and building their accountability for succession planning outcomes
The speaker will also discuss how AFSA achieved succession planning results such as a 65% decrease in the number of critical roles, 33% increase in the number of successors in leadership pipelines, 10% increase in senior executives’ confidence in the effectiveness of succession planning and 7% increase in its high performer retention rate.