Seminar Planning Success Through Succession Planning

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Seminar - Planning Success Through Succession
Planning

• YPs Career Roadmap and Succession Planning of
  Consulting Engineering Leadership
• 10th September 2008
• Presentation by
• Liu Luobing, FIDIC YPFSC, China

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Seminar - Planning Success Through Succession
Planning

• Content
• Defining the group of YPs
• Career development plan of YPs
• How do YPs look upon the succession plan?
• What help are YPs expecting to get from
  succession plan?
• What are the factors that make YPs leave or stay
  in CE company?
• YPs, are we now ready to be successors?
• Concluding remarks

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Seminar - Planning Success Through Succession
Planning

• Defining the group of young professionals (YPs)
• Young Professional Forum membership is normally
  considered to be
• available to individuals from the time of
  graduation with a professional
• university degree up to the age of 40. Exceptions
  may be made for YP
• members from countries that encourage longer
  development and
• training within the junior ranks of their
  companies and professional
• communities.
• --- FIDIC YPFSC Business Plan

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Seminar - Planning Success Through Succession
Planning

• Defining the group of young professionals
  (YPs)

• At thirty, I stood firm at forty, I had no
  doubts
• 
  ----Confucius
• which means a man should be able to establish his
  life goal at 30, and when he
• turns 40, he would no longer suffer from
  perplexities. It is obvious that people
• landed in this age group are in the most active
  and creative period in their lives.

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Seminar - Planning Success Through Succession
Planning

• Career development plan of YPs
• Personal background
• Internal and external factors
• Internal factors Strengthens, Weaknesses
• External factors Opportunities, Threats
• Best choice for the future
• Preparations that need to be made at present

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Seminar - Planning Success Through Succession
Planning

• How do YPs look upon the succession plan?
• Before
• white-haired senior professionals
• YP take over the leadership---a
  dream far away.
• Now Situation Changed
• The development of information technology
  worldwide, YPs are getting stronger support in
  experience accumulation.
• The economic globalization has brought great
  challenges to company leaders which are much
  easier for young people to deal with, such as
  language, information technology, multi-culture
  blend etc.
• These changes bring more and more
  opportunities to YPs.

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Seminar - Planning Success Through Succession
Planning

• How do YPs look upon the succession plan?

• Case of China
• A few decades ago Young peoples career is
  mainly under the arrangement of
• the nation.
• Now Young generation design their own career
  plans and choose the field as
• they like.
• Thus, YPs call that the companies they work
  for should have plans
• of succession to meet with their own
  personal career plans, which will lead to
• a maximum of self-realization as well as
  their devotion to the company and the
• society.

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Seminar - Planning Success Through Succession
Planning

• How do YPs look upon the succession plan?

• Consulting Engineering (CE) Companies which
  have not a sound succession plan
• system will face pressure in talent competing.

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Seminar - Planning Success Through Succession
Planning

• What help YPs Expected to get from Succession
  Plan?
• YPs General Characteristics
• Young and ambitious, sometimes feeling their
  talents are not shown for short of
  opportunities
• Having full-range of theoretic knowledge but
  lacking experience in practical operation and
  management
• Strong independent working abilities, but
  sometimes inadequate teamwork spirit.

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Seminar - Planning Success Through Succession
Planning

• What help YPs Expected to get from Succession
  Plan?
• CE firms expectation towards YPs
• Keep on learning based on solid professional
  knowledge, to stay at the front of the area
• Have strong teamwork spirit and communicate with
  others
• Be creative and innovative, to ensure the company
  to lead the industry
• Have an global vision and the ability to deal
  international consulting business.

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Seminar - Planning Success Through Succession
Planning

• What help YPs Expected to get from Succession
  Plan?
• YPs expected help and support from CE firms
• Recognition
• Practice
• Mentorship
• Tolerance

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Seminar - Planning Success Through Succession
Planning

• Key Factors for YPs Stay with CE company?
• Good pay---life standard
• Sound company system---development spaces
• Good company culture--- value recognition
• Reputed company brand--- sense of pride
• Harmonious company atmosphere---pleasant working
  environment.

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Seminar - Planning Success Through Succession
Planning

• Key Factors for YPs leave CE company?
• Pay is not satisfied
• Development space is limited
• Failure in improving ones abilities and skills
• Effort is not recognized
• Lack of pleasant cultural environment and
  communication.

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Seminar - Planning Success Through Succession
Planning

• YPs, are we now ready to be Successor?
• CE Companys 3P target
• Personnel
• Planning
• Profit

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Seminar - Planning Success Through Succession
Planning

• YPs, are we now ready to be Successor?
• Challenges
• Science and technology---developing fast
• Globalization---eliminated the boundary
  limitation
• Innovation--- key element for the clients to
  choose CE
• service

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Seminar - Planning Success Through Succession
Planning

• YPs, are we now ready to be Successor?
• Being YPs in CE industry
• Planning of the company needs our talents and
  teamwork spirit
• Profit making need our wisdom and effort
• Realization of our career plan cannot be achieved
  without the
• healthy development of the CE company.

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Seminar - Planning Success Through Succession
Planning

• Concluding remarks

• YPs
• Planning the future is our primary task
• Making great efforts to strive for the best is
  our destiny
• Taking succession of the industry is our
  mission.