Section: HR & People · Learning & DevelopmentDifficulty: Advanced
Succession Planning
USUK
Identifying and developing employees to fill key leadership positions in the future.
Definition
Succession planning is a proactive organizational process of identifying critical roles, assessing the readiness of internal candidates to fill those roles, and developing a pipeline of future leaders through targeted development plans. It ensures business continuity and reduces the risk and cost associated with leadership vacancies. Effective succession planning is typically an ongoing process rather than a one-time event.
Example
“As part of succession planning, the company identified three high-potential managers as potential successors for the VP of Sales role and created individualized development plans for each.”
Synonyms
- leadership pipeline
- leadership continuity planning
- talent succession
- replacement planning
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