Ten Key Steps to Effective Succession Planning
Succession planning, sometimes called succession management to emphasize the active and continuous nature of the effort, is a process for preparing people to meet an organization's needs for talent over time.
The world faces a quiet crisis of succession. As the global workforce ages and the skills gap increases, increasing attention will be paid to establishing and maintaining effective succession planning programs. CEOs, managers, human resource practitioners and even individuals have important roles to play in that effort. There is a practical approach to the work that must be done if organizations are to establish and sustain systematic efforts to ensure that the right people will be in the right places and at the right times to do the right things so as to achieve the right results.