Templates
Human Resources
Succession Planning Process
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Succession Planning Process

Optimize your firm's leadership continuity with our comprehensive Succession Planning Process, ensuring key role transition, skill development, and continual evaluation.
1
Identify key positions for Succession Planning
2
Assess the competencies and skills required for those positions
3
Identify potential successors within the organization
4
Evaluate the competency and skill level of the identified successors
5
Approval: Competency Evaluation Results
6
Develop a personal development plan for each successor
7
Implement the personal development plans
8
Monitor the progress of the successors
9
Conduct performance reviews of the successors
10
Approval: Performance Review Results
11
Provide feedback and coaching to the successors
12
Adjust the personal development plans if necessary
13
Prepare the successors for potential transition
14
Create a transition plan for each key position
15
Approval: Transition Plans
16
Implement the transition plans
17
Monitor the effectiveness of the transition
18
Review and revise the succession planning process if necessary
19
Approval: Revision of Succession Planning Process
20
Communicate the succession planning process and outcomes to all stakeholders