How Can I Measure the Success of a Development Plan for Future Leaders?

I need to implement a Development Intervention Plan with a focus on emerging leaders of the company being equipped to take up top positions within the company. I need specific parameters on how I can gauge if the development plan was successful in doing so. In other words, what indicators will point towards my plan being successful? Please guide me through.

You must have included certain competencies in the development plan. What are those competencies? After two years, tell them to prepare a presentation giving evidence of the implementation of those competencies. In the presentation, they should include what was increased or decreased because of this competency, what problems were avoided, what costs were reduced, etc. It is much easier said than done. However, good presentations will serve as knowledge assets for your company. These can be used for further in-house training.

If the persons belong to top management, then you may measure the decision by calculating PBP, ARR, NPV, and IRR. This is far more effective than any other method that includes competency mapping as well.

Thanks,

Dinesh Divekar

To give suggestions on measuring the effectiveness of the development initiatives, you need to provide basic information like the nature of your industry, qualifications of these individuals, length of service of these individuals, the type of work they do, the type of work you want them to do in the future, their current performance level, and the gap in their performance, etc.

In addition to this, your development initiative should have the support of your organization's culture as well. What type of organizational culture do you have, and how did you measure it?

Next, consider the strategic plan of your company. Does the development initiative fall within the purview of the strategic plan?

Unless you provide complete information, it would not be prudent to suggest anything. In my last post, I had given generic information.

Thanks,
Dinesh Divekar