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Succession planning process - Step by step Guide

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Succession planning process - Step by step Guide

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Do you know that only 1% of the companies admit that their succession planning process is outstanding? And more than 60% of the companies bluntly admit that their succession planning process is fair or even worse.

Do you know that only 1% of the companies admit that their succession planning process is outstanding? And more than 60% of the companies bluntly admit that their succession planning process is fair or even worse.

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Succession planning process - Step by step Guide

  1. 1. Did you know? Do you know that only 1% of the companies admit that their succession planning process is outstanding?
  2. 2. Did you know? Do you know that only 1% of the companies admit that their succession planning process is outstanding? And more than 60% of the companies bluntly admit that their succession planning process is fair or even worse.
  3. 3. Succession planning process Fundamentally, succession planning is a conscious decision by an organization to nurture and promote the continuous development of employees
  4. 4. Succession planning process … and to make sure that the key positions in the organization maintain some measure of stability, thus enabling an organization to achieve desired business objectives.
  5. 5. Succession planning vs. Replacement planning Virtually 50 percent of the CEO’s confuse Succession planning with replacement planning
  6. 6. Replacement planning  Assumes that the organization chart will remain unchanged  Acknowledges that the organization chart may change over time  It identifies the back-ups for top-level positions and stops there  Focuses on developing employees for advanced roles  Aim of succession planning is to build deep bench strength  No aim of building Deep bench strength Succession planning
  7. 7. Step-by-step Succession Planning process 1. Review plans and identify key position 2. Listing the competencies 3. Identifying & helping potential candidates 4. Development plans 5. Implementing the process
  8. 8. Succession Planning process The first step in succession planning is to identify current or future key positions or groups in the organization Step-1: Review Plans and identify key positions
  9. 9. Succession Planning process All positions require a particular set of skills, abilities, and knowledge. Therefore, find and list the employees who are perfectly suitable for the corresponding job role Step-2: Listing the competencies
  10. 10. Succession Planning process All positions require a particular set of skills, abilities, and knowledge. Therefore, find and list the employees who are perfectly suitable for the corresponding job role Step-2: Listing the competencies One way to list the competencies is to review relevant merit criteria and job description for the associated position and interview current and former job incumbents.
  11. 11. Succession Planning process This step of succession planning is similar to that of general job recruitment practice. Step-3: Identifying & helping potential candidates
  12. 12. Succession Planning process This step of succession planning is similar to that of general job recruitment practice. But succession planning process goes one step ahead by helping candidates who show great interest in developing the requisite skills for the particular position Step-3: Identifying & helping potential candidates
  13. 13. Succession Planning process This step of succession planning is similar to that of general job recruitment practice. But succession planning process goes one step ahead by helping candidates who show great interest in developing the requisite skills for the particular position Helping and mentoring these candidates prior to the formal recruitment process that begins once, a position becomes vacant. Step-3: Identifying & helping potential candidates
  14. 14. Succession Planning process Once you’ve found the relevant candidates suitable for the role, based on their potential for success and interest in a key position, the organization should ensure that these employees have access to development opportunities and learning tools. Step-4: Development plans
  15. 15. Succession Planning process The final step is to implement and evaluate the process. You have to plan the activities and inputs you have to make to get the desired outputs Every step in this process has to be evaluated to measure the success and progress of the plan. Step-5: Implementing the process
  16. 16. Succession Planning process It is essential to monitor the efficiency and effectiveness of the succession plan once it has been established. It is important to acknowledge that the planning is made to retain and develop every key employee in the organization
  17. 17. www.keka.com Follow us to get trending HR updates

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