SUCCESSION PLANNING IS A PART OF COMPANY STRATEGIC PLANNING
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WHAT IT IS
✔ Deep conviction, with observable and evidenced action, clear link between excellent individual performance and better organizational performance.
WHAT IT IS NOT
Vague notion that “people are our most important asset”.
✔ All those in a leadership role are accountable for strengthening the performance of individuals in the organization
✔ Succession planning is a regular topic for discussion in meetings ✔ Bold actions are taken to recruit and build talent within the organization
✘ HR is responsible for people management and development
✘ A succession planning exercise is carried out once a year.