6 Steps to Create a Successful Succession Plan


Succession planning recognizes that some jobs are the lifeblood of the organization and too critical to be left vacant or filled by any but the best qualified persons. Effectively done, succession planning is critical to mission success and creates an effective process for recognizing, developing, and retaining top leadership talent.

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Succession planning is the process used to identify and prepare candidates for entry level through high-level management positions that become vacant due to advancement, transfers, attrition, retirement, new business opportunities and the like.

It is a systematic approach to:

  • Building a leadership pipeline/talent pool to ensure leadership continuity.
  • Developing potential successors in ways that best fit their strengths.
  • Identifying the best candidates for categories of positions.
  • Concentrating resources on the talent development process yielding a greater return on investment.