Building Your Bench: Practical Succession Planning

Succession planning is the strategic process of identifying and developing high-potential employees to fill critical leadership and key roles within an organization. It ensures business continuity, mitigates risks associated with leadership transitions, and fosters a culture of growth and development. Succession planning does not have to be a difficult and time-consuming process.

In this webinar, we will discuss why succession planning is important for ensuring business continuity. It is also important for retaining employees who may not yet be at the leadership level but want an employer that helps them gain additional skills and grow their careers. Individual Development Plans are a good tool to help employees improve in their current role and prepare for future roles.

A succession planning process that is communicated to employees ensures they know the organization is invested in their employees. Often, organizations conduct succession planning in secret. We will discuss what information is best to share with employees.

By developing a practical and easily administered succession planning program, you can also reduce recruiting expenses. It will promote internal mobility, which will minimize the need for expensive external hires.

• Understand the importance of succession planning in ensuring business continuity and mitigating risks during leadership transitions.
• Learn how to use Individual Development Plans to help employees grow in their current roles and prepare for future opportunities.
• Discover the benefits of transparent succession planning and how to communicate it effectively to employees.
• Gain practical strategies to create a simple, effective, and easily administered succession planning program.
• Learn how succession planning can reduce recruiting expenses and promote internal mobility, minimizing reliance on external hires.