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WHAT IS SUCCESSION PLANNING?

The future-focused practice of identifying the knowledge, skills and abilities to perform certain functions and then developing a plan to prepare multiple individuals to potentially
perform those functions.
– Society for Human Resource Management

KEY STEPS TO CONSIDER

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1. Identify Key Positions Identify which positions are critical to your organization’s ability to meet its strategic and operational objectives.

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2. Analyze Leadership Skills Determine what competencies, knowledge, experiences and skills are needed to fill your leadership positions.

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3. Identify Talent Pool Identify your high performing employees who may be potential successors.

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4. Develop Potential Successors Provide training and development to ensure your high performing employees have the skills they need to successfully lead when the time comes.

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5. Monitor & Evaluate Effectiveness After a leader has been appointed, monitor their progress and provide support and correction when needed.

A GOOD SUCCESSION PLAN IS AN INVESTMENT

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Guarantees Business Continuity and Image building

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Builds a Potential Leadership Pipeline

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Retains Top Performing Talent

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Ensures A Smooth Transition to the Next Leader

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