FIRST SLIDE

What Is Succession Planning?

Succession planning, as a function of workforce planning, is about replacing leaders and

managers with high-potential, internal (sometimes external) replacements. Essentially, it is about
identifying, developing, and replacing employees, to make a shift in responsibilities as smooth as
possible.

SECOND SLIDE

Why Should You Build A ‘Succession Plan’?

Building a succession planning process or framework is about mitigating organizational shifts.

What Is The Purpose Of Succession Planning?

 it ensures that businesses continue to run smoothly after a company's most important
people move on to new opportunities, retire, or pass away.

THIRD SLIDE

Following are a few terms surrounding succession planning processes:

 Training. The preparation of an employee to perform the tasks required for his or her
current role.
 Development. The practice of equipping an employee (or group) for future roles and
responsibilities.
 Career planning. An employee-centered practice of identifying the interests of the
employee and assisting that individual, as well as providing personal development
options consistent with his or her talents and interests.
 Career management. An organization-centered practice of creating jobs and
organizational structures that promotes the achievement of business objectives.
 Replacement planning. A shorter-termed practice of identifying replacements for
personnel in key operating functions.
 Succession planning. The future-focused practice of identifying the knowledge, skills and
abilities to perform certain functions and then developing a plan to prepare multiple
individuals to potentially perform those functions.

FOURTH SLIDE

Benefits of Succession Planning

1. Protect the business from sudden, unexpected change

2. Reveal vulnerabilities and highlight skills gaps

3. Promote training and development

4. Knowledge transfer and process refinement

5. Long-term talent planning and retention

6. preserve brand integrity and reputation