Succession Planning

Course details

Succession planning ensures that there are highly qualified people in all of your mission critical positions—not just today, but tomorrow, next year, and five years from now. These rich talent review sessions help leaders understand their current bench strength and make plans for improvement. In this course, learn the step-by-step process for implementing and facilitating a robust succession planning process. Discover how to build an approach that will allow your organization to keep its leadership pipeline full and flowing. Having the right people in the right places will ensure that your talent is your competitive advantage.

Learning objectives
Match succession planning to your organization's long-term goals.
Identify ideal qualities for potential successors.
Identify your mission-critical positions.
Describe the importance of succession committees.
Prepare to build a plan for senior leaders.

Concepts

Introduction

Securing your company with succession planning

Getting Started

Overcoming succession planning resistance
Succession planning alignment with company values
Which positions to include when succession planning
Succession planning communication and timeline
Succession committees

Who to Include in Succession Discussions

Talent review session number one
Incumbent overview and recommendations
Committee candidate discussion
Preparing for talent review session number two

Deciding on Potential Successors

Talent review session number two
Potential successors leadership development

Documentation and Metrics

Briefing the leadership team with your succession plan
Board documentation and dialogue
Establishing succession metrics

Conclusion

Strengthening your succession knowledge