Succession PlanningBy

Sreejith Sreeenivasan

• Succession Planning is a process of identifying, developing and transitioning potential successors for the companies present and future key roles, aligned with the talent and ambitions of its current employees and talent network.

Succession planning is about filling the organization's talent pipeline and building internal bench strength.

It is about leveraging the talent that the organization already possesses by developing it to full potential.

The focus is on developing employees so that the organization has a pool of qualified candidates who are ready to compete for key positions and areas when they become vacant.

OBJECTIVES OF SUCCESSION PLANNING

Succession planning starts when you can accurately measure the performance of employees, assess skills and career growth information.

Succession planning tools need to have extensive integration and customization options to support all of your talent management efforts.

Refer to the software criteria and requirements

SUCCESSION PLANNING TOOLS

Succession Planning Grid

High Leadership Potential/ Low Performance

High Leadership Potential/High Performance

Low Leadership Potential/ Low Performance

Low Leadership Potential/High PerformanceLe

ader

ship

Pot

entia

l

Current Performance

Succession planning should be a proactive process geared to meeting individual employees’ and the organization’s needs.

It should allow staff the opportunity to gain experience and training in different areas before they are needed in critical positions.

This may have the added benefit of keeping employees challenged and stimulated, which may foster retention while employees wait for openings.

The commitment of employees to their own development.

The personal involvement of senior leaders, as well as their personal accountability and responsibility for growing leaders.

CRITICAL SUCCESS FACTORS FOR SUCCESSION PLANNING – BEST

PRACTICE PRINCIPLES

Traits of an Organization

Leader

Diversity & Inclusion

Emotional Intelligence

Leadership & Performance

Potential

Global Perspective

A Society Grows Great When Old

Man Plant Trees

Whose Shade They Know They Will Never Sit ON

-Greek Proverb

Thank You