Vincent Tam Senior director, people resources and general counsel, McDonald's
The plan
Each year, we conduct a rigorous talent-management review to ensure we have a strong pipeline of potential leaders. We assess the succession plan of our senior and critical positions, and identify near-term and long-term succession candidates for these positions.
McDonald's leaders around the world have steadily increased their competency, commitment level and investment of time into this process. The result has been continuous improvement in the quality of the talent plans and development strategies formulated under those plans.
Target
We conduct talent-review roundtable discussions at different organisation levels, where managers openly discuss the performance and potential of their staff. Employees at different levels, identified as high potential candidates, undergo accelerated development programmes to strengthen the pool of tomorrow's leaders.