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Succession Planning
Succession planning has been defined as "A process designed to ensure the continued effective performance of an organization by making provision for the development of and replacement of key people over time. Succession planning is generally considered to be a strategy of work force planning."
Workforce planning and succession planning are closely related. Both involve changing the workforce. Workforce planning deals with changing the size, distribution, and composition of the workforce to meet future needs. Succession planning focuses on developing individuals’ skill sets to meet the future needs of the organization.
What does a succession plan do and why is it needed?
- Ensures that employees are prepared and trained for the job and responsibilities of the future.
- Provides growth opportunities that help motivate and retain current employees. It shifts the idea from job progression to job expansion.
- Allows for the transfer of knowledge from key people in the organization to their successors using techniques such as mentoring and on-the-job training.
- Reduces stress on the new incumbent by making him/her better prepared to fill the role.
- Reduces workload of other team members who normally would have to pick up duties until the new incumbent is up-to-speed.
- Reduces the manager’s time spent in assisting new incumbent becoming proficient.
- With the ever-changing workforce, succession plans are needed to survive in today’s global environment.
Succession Planning Resources
Last Modified: 9/10/2008 12:20:31 PM
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