Succession Planning

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Succession planning enables your organization to identify talented employees and provide education to develop them for future higher level and broader responsibilities. Succession planning helps you "build bench strength." Succession planning helps you decide where people belong on the bus. Find out more.

Succession Planning

Succession planning is a process whereby an organization ensures that employees are recruited and developed to fill each key role within the company. Succession planning ensures you can fill key roles from within your organization.

Succession Planning Best Practices

Pepperdine University's Graziadio Business Report offers best practices in succession planning based on a research study. Keep your succession process simple and rely on coaching and development are two best practices. Good company examples of succession planning practices are provided.

Create a Career Opportunity

by Brenda Koritko

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One successful technique is to single out an unresolved challenge that exists in your company. Try to pick a situation that will benefit from your combination of experience and skills. Write a memo that outlines the need you've discovered. Highlight how you will use your skills to resolve the problem and contribute to the immediate objectives of the team or department involved. Send your memo to the person who will benefit most from your unique approach, for example, your boss or a human resources representative.

Don't wait for your organization to discover the same need. By waiting, you take the chance that they may decide to post the position. (If posting positions is policy in your company, at least your name is on the promotion list first.)

Without your proactive approach to your career and potential promotion, they may decide to promote one of your peers. By being proactive, you create a win-win situation. You may gain a challenging, enjoyable career opportunity and eliminate the need for a competition. Even if a new career or promotion opportunity does not result from your actions, you have successfully created an opportunity to demonstrate your value to the organization.You have increased the likelihood that they will consider you for the next rewarding career or promotion opportunity.