What is a Succession Planning Process Plan?
A succession planning process plan is a strategy used by Human Resources teams to ensure that the organization is prepared for the transition of new and retiring leaders. It is designed to identify and develop new leaders who can replace leaders when they retire or leave the organization. The plan outlines the focus areas, objectives, and actions that will help to create a seamless transition. It also helps to provide a structure for tracking the progress of the transition.
What's included in this Succession Planning Process Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Succession Planning Process Plan template for?
The succession planning process plan template is designed for Human Resources teams of all sizes and industries. It can be used to create a succession plan to identify and develop new leaders who can replace leaders when they retire or leave the organization.
1. Define clear examples of your focus areas
Focus areas are the broad goals that are necessary for the strategy. Examples of focus areas for a succession planning process plan include Identify and Develop Leaders, Evaluate Current Leaders, and Develop and Retain Leaders.
2. Think about the objectives that could fall under that focus area
Objectives are the measurable goals that need to be achieved in order to complete the strategy. Examples of objectives for the Identify and Develop Leaders focus area include Create an effective succession plan and Ensure a smooth transition.
3. Set measurable targets (KPIs) to tackle the objective
Key Performance Indicators (KPIs) are the measurable targets that need to be achieved in order to complete an objective. For example, a KPI for the objective Create an effective succession plan could be to reduce the time to fill a leadership role.
4. Implement related projects to achieve the KPIs
Projects (also known as actions) are the initiatives that need to be completed in order to achieve the KPIs. For example, to achieve the KPI to reduce the time to fill a leadership role, a project could be to develop a comprehensive succession planning process.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform helps organizations execute their strategies with precision and speed. It helps teams to track their progress, set measurable goals, and measure the impact of their strategies for faster results.