Succession Management

With the number of retiring baby boomers reaching its peak, organizations need a strategy to retain the knowledge and expertise that makes your company successful. Succession Management is a process to structure and plan for the development and replacement of key employees over a period of time.

Succession Management will incorporate the appropriate steps for your business to:

• Determine which competencies are required for senior positions
• Identify key positions, replacement challenges, technical expertise, geographic location and other factors for attraction and retention
• Identify high potential employees
• Construct a course of action linked to the business strategy for a comprehensive program that may include (mentoring programs, access to materials to support learning, developmental assignments and projects, learning networks and career paths for progression
• Ensure HR programs and processes support Succession Management
• Encourage and support individual advancement
• Build a culture that supports Succession Management