Succession Planning Fundamentals in Practice

 

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Succession planning does even more than fill the internal pipeline for future leaders. It helps an organization retain key talent, increase engagement, diversify the bench, mitigate risks, and ensure employees are prepared when they move into critical roles. 

Best-practice programs leverage proven approaches to identify high-potential employees, develop future leaders, and prepare for succession. This article details the fundamentals in securing a robust pipeline and provides examples from top-performing succession planning programs.