Succession Planning

Description
An effective tool for the strategic planning of organizational structure or restructuring, leadership development, employee skill enhancement, strengthening the bench of an organization, reducing over-dependence or adverse operational impact due to the separation of key position employees, plan for employee skill development, make a back up plan in case of contingency or immediate separation. Conclusively, a tool to identify the right set of people at the right time at the right position with a proactive futuristic approach.

This document set the approach for designing Succession Planning within company or in a group at each designation which broadly covers following:
1. Designation to be considered for Succession Planning
2. Ready Resource availability within company or group
3. Resource to be made ready within 1 - 3 years for roles and responsibilities
4. Resource to be made ready within 5 years for roles and responsibilities

This also covers skill set required in resource to develop himself / herself for said responsibility.

The Succession Planning Template is designed in such a way that it is user-friendly and does not require specific training or methodology for adopting Succession Plan preparation. This template can be synchronized with a company's internal policies and procedures and accordingly Succession Plan for the smooth functioning of the company that can be developed by HR and Talent Acquisition Team.