Succession Management In Modern Russian Corporations

Abstract

The article is devoted to the problems of succession and talent management in modern Russian corporations. In the VUCA world the role of talents is increasing every day. Nowadays the success of organisation is determined by talents at all levels, but especially by talents among management staff. The succession becomes an integral part of effective talent management. Build the succession and talent management or die - is a slogan of modern corporation worldwide. But it is still not obvious for many Russian corporations. Few of them are ahead of the planet in management technologies but a lot of Russian corporations are only in probation period. To define the place and role of succession management in talent management process in modern Russian corporations the author realised two stage research. The research included terms definition, documents’ analysis, express polls and interviews. The situation with personnel reserve and succession management in Russian corporations was analysed and recommendations were developed of the first stage. On the second stage, the status of succession and talent management in seventeen Russian corporations was identified and relationships between the systems were clarified. The results of research are studied in the Russian corporations. On their basis, pilot projects are planned to build succession and talent management in a number of corporations.