Succession planning in organization

Succession Planning

Succession Planning is a process of developing

talent to meet the needs of the organization
now and in the future

It involves Talent acquisition and retention,

Workforce Planning, Performance and
Potential reviews, Leadership Development
and develop a strong talent pipeline
 Core Principles Underlying Succession
Planning
1. Leaders really do matter in managing/driving accountability, results, culture.
2. Performance is what counts top performers over high potentials
(the what & how both count).
3. Todays top performing leaders arent necessarily tomorrows
even our best leaders can fall behind or derail.
4. Talent is an enterprise resource willingness to share talent makes
the system work.
5. A broad set of experience & assignments is the best classroom
yet a balanced approach is still necessary for development.
6. Its incumbent upon todays top-100 to leave a legacy of
future talent current leaders must teach, mentor, & role model others on what
it takes to succeed.
7. Invest in the best focus the rest.
Four Levers For Learning

On-The-Job
Experiences

Mentoring or Coaching

Training or Continuing
Education

Motivated Self-
Development
 Succession Planning: Key Elements
Assessment of
Key Positions

Identification of
Key Talent

Key
Development Elements
Monitoring & Review
Assessment of
Key Talent

Generation of
Development Plans
 Advantages of Succession Planning
Capable people
Healthy business future
Preparation
Testing of potential employees

Common Mistakes
Just an HR program
Failure to be flexible
Try to do too much, too fast
Internal myopia
After a great start, fail to sustain succession planning
 Challenges in Succession Planning

Lack of a sufficient pipeline of talent

Inability to motivate and retain key employees
Ineffective business practices
Unfocused roles and responsibilities across a
career span
Limited information about employees
Lack of company vision and failure to address
future needs
Failure to assess all components of an active
succession plan periodically