An effective executive succession planning template promising a systematical approach to identify, develop, and retain talented leaders for your business success.
1
Identify Key Leadership Roles
2
Identify Skills and Experiences Required for each Role
3
Benchmark Current Leadership Capabilities
4
Develop a Leadership Pipeline
5
Identify High-Potential Employees
6
Approval: Identification of High-Potential Employees
7
Develop Individualized Development Plans for High-Potential Employees
8
Identify Gaps in Leadership Skills
9
Implement Leadership Development Programs
10
Communicate Succession Planning Process
11
Monitor Progress of High-Potential Employees
12
Approval: Monitoring Progress Report
13
Run Leadership Review Meetings
14
Update Succession Plan as needed
15
Approval: Updated Succession Plan
16
Ensure Alignment of Succession Plan with Business Strategy
17
Evaluate Succession Planning Effectiveness
18
Review and Update the Succession Plan Annually
19
Approval: Annual Succession Plan
Identify Key Leadership Roles
Identify the key leadership roles within the organization that are critical for the success of the business. Determine the responsibilities, qualifications, and skills required for each role. This task lays the foundation for the succession planning process and ensures that the right people are identified for future leadership positions. Are there any emerging roles that should be considered as part of the succession planning process?
Identify Skills and Experiences Required for each Role
For each key leadership role identified, determine the specific skills, experiences, and qualifications required. Consider both technical and soft skills and identify any specific certifications or training programs that are required. This task helps ensure that potential successors have the necessary capabilities to fulfill future leadership positions. Are there any specific certifications or training programs needed for any of the roles?
Benchmark Current Leadership Capabilities
Assess the current leadership capabilities within the organization. Identify the strengths and weaknesses of current leaders in relation to the skills and experiences required for each key leadership role. This task provides a baseline for evaluating the potential successors and helps identify any gaps in leadership capabilities. What are the strengths and weaknesses of the current leaders in relation to the key leadership roles?
Develop a Leadership Pipeline
Create a pipeline of potential successors for each key leadership role. Identify individuals within the organization who have the potential to assume leadership positions in the future. This task ensures that there is a pool of qualified candidates for each role and helps avoid leadership gaps in the future. Who are the potential successors for each key leadership role?
Identify High-Potential Employees
Identify high-potential employees within the organization who have the skills, capabilities, and potential for future leadership positions. This task helps ensure that the organization is nurturing and developing talent for future leadership roles. Who are the high-potential employees within the organization?
Approval: Identification of High-Potential Employees
Will be submitted for approval:
Identify High-Potential Employees
Will be submitted
Develop Individualized Development Plans for High-Potential Employees
Create individualized development plans for high-potential employees to help them develop the skills and experiences necessary for future leadership positions. This task ensures that high-potential employees are receiving the necessary training and development opportunities. What individualized development plans are needed for each high-potential employee?
Identify Gaps in Leadership Skills
Assess the current leadership skills within the organization and identify any gaps in skills and experiences required for future leadership positions. This task helps identify areas where additional training or development may be needed to prepare potential successors for leadership roles. What are the gaps in leadership skills within the organization?
Implement Leadership Development Programs
Implement leadership development programs to address the identified skill gaps and provide training and development opportunities for potential successors. This task ensures that potential successors are equipped with the necessary skills and experiences for future leadership positions. What leadership development programs are needed to address the skill gaps?
Communicate Succession Planning Process
Communicate the succession planning process to key stakeholders within the organization. This task ensures that all relevant parties are aware of the succession planning process and their roles and responsibilities. How will you communicate the succession planning process to key stakeholders within the organization?
Monitor Progress of High-Potential Employees
Monitor the progress of high-potential employees in their development plans and provide ongoing support and feedback. This task ensures that high-potential employees are on track to develop the necessary skills and experiences for future leadership positions. How will you monitor the progress of high-potential employees?
Approval: Monitoring Progress Report
Will be submitted for approval:
Monitor Progress of High-Potential Employees
Will be submitted
Run Leadership Review Meetings
Conduct regular leadership review meetings to evaluate the progress and potential of high-potential employees. This task provides an opportunity to assess the readiness of potential successors for future leadership positions. How often will you conduct leadership review meetings?
1
Monthly
2
Quarterly
3
Annually
Update Succession Plan as needed
Regularly review and update the succession plan based on changes within the organization and the development of potential successors. This task ensures that the succession plan remains relevant and aligned with the needs of the business. How often will the succession plan be reviewed and updated?
1
Quarterly
2
Biannually
3
Annually
Approval: Updated Succession Plan
Will be submitted for approval:
Update Succession Plan as needed
Will be submitted
Ensure Alignment of Succession Plan with Business Strategy
Ensure that the succession plan aligns with the overall business strategy and goals. This task helps ensure that the organization is developing successors who are aligned with the strategic direction of the company. How will you ensure the alignment of the succession plan with the business strategy?
Evaluate Succession Planning Effectiveness
Evaluate the effectiveness of the succession planning process in identifying and developing potential successors. This task helps identify areas for improvement and ensures that the succession planning process is achieving its desired outcomes. How will you evaluate the effectiveness of the succession planning process?
Review and Update the Succession Plan Annually
Review and update the succession plan annually to ensure its continued relevance and effectiveness. This task helps ensure that the organization has a current and effective succession plan in place. When will the succession plan be reviewed and updated annually?