Succession planning

Some things to consider

If you’re thinking about a succession plan, consider what your organisation’s needs will be in the future. Think about future job roles that may not exist yet:

• What’s the development strategy for your business?
• Does it help you identify any potential skills gaps you have right now, or will have in the future?
• What about your own talent pipeline? Maybe you already have people with the knowledge and skills to fill these new roles.

• Identify who needs to be brought into the planning stage. Once there, track their thoughts.
• Identify the budding stars − potential is just as important as proven talent. Give them projects in different teams to widen their experience.
• Understand the future requirements and strategy of the business.
• Make the plan coherent and communicate it − just don’t tell employees who is being ear-marked for higher things.
• Put contingency plans in place for critical roles in your business.