Leadership That Lasts: Crafting a Robust Succession Plan for Your Organization !
Abstract : Succession planning is the process of identifying and preparing employees to fill critical roles in an organization when they become vacant. It helps ensure that the right people are in the right positions to achieve the organization's goals, and that business continuity is maintained. Succession planning can help with: Leadership transitions Succession planning can help ensure a smooth transition when leaders or managers change roles. For example, Steve Jobs groomed Tim Cook to succeed him as CEO of Apple. Identifying talent Succession planning can help identify employees who have the potential to fill key roles. Identifying training needs Succession planning can help identify the skills and training that may be needed for future external candidates. Here are some steps that can be taken as part of a succession planning process: Identify key positions and areas Identify the capabilities needed for those positions Identify interested employees and