Templates
Human Resources
Simple Succession Plan Template
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Simple Succession Plan Template

A detailed workflow to facilitate successful business leadership transitions through comprehensive succession planning and training methods.
1
Identify key roles within the company
2
Define the necessary skills for those roles
3
Identify potential employees for succession
4
Assess current skills of potential successors through performance reviews
5
Approval: Performance review
6
Set and communicate development goals for potential successors
7
Provide development opportunities and training
8
Evaluate and revise the succession plan regularly
9
Establish a timing plan for succession
10
Approval: Timing Plan
11
Draft a contingency plan in case of unexpected role vacancy
12
Secure executive buy-in for the succession plan
13
Approval: Executive Buy-In
14
Develop a communication plan for succession plan
15
Implement and monitor the communication plan
16
Approval: Communication Plan
17
Set a review date for the succession plan
18
Review the succession plan on the set date
19
Approval: Succession Plan Review
20
Update succession plan based on review findings