Succession Planning

Succession planning is about identifying and developing talent to ensure employees are ready to take up leadership and business critical roles in the future. Succession planning helps to highlight where in an organisation there is the potential for a skills gap or the risk of losing important business knowledge.

Objectives

• be better able to define what succession planning means, 
• appreciate the benefits of succession planning and the downsides of failing to act, 
• follow an effective succession planning process – including communication and an ongoing commitment to diversity and 
• understand additional aspects to consider and potential pitfalls.