Succession planning is one of the most critical and often overlooked strategic priorities of for-profit and non-profit organizations.
Whether managing senior leader turnovers resulting from planned retirement, unplanned departure, or developing next generation leadership, continuity requires formal planning and the development of resources.
Succession planning is the process of identifying and preparing suitable employees, through mentoring, career development, and job rotation, to replace key players within an organizations.
Succession planning is part of the strategic planning process and includes measureable assessments of team member skills, including 360 Feedback Surveys, Performance Appraisals and Behavioral Assessments.
BOTTOMLINE: In the next 2 months, Six Disciplines Leadership Centers will be conducting half-day Business-Building training sessions on "Succession Planning: Positioning Your Company For Optimal Transition."