Succession planning is the process of identifying the critical positions within your organization and developing action plans for individuals to assume those positions. Taking a holistic view of current and future goals, this type of preparation ensures that leaders have the right people in the right jobs today and in the many years to come.

A successful succession plan is

• closely tied to business strategy and goals;
• engage executive and senior leaders in the process;
• define the development of key competencies and skills necessary for business continuity, and talents needed.
• prepares staff to support the selected team.