Succession Planning
Succession planning is a process for identifying and developing internal personnel with the potential to fill key or critical organisational positions. Succession planning ensures the availability of experienced and capable employees that are prepared to assume these roles as they become available.
Succession planning accelerates the transition of qualified employees from individual contributors to managers and leaders. Succession planning -
- Prepares current employees to undertake key roles
- Develops talent and long-term growth
- Improves workforce capabilities and overall performance
- Improves employee commitment and therefore retention
- Meets the career development requirements of existing employees
- Improves support to employees throughout their employment
- Counters the increasing difficulty of recruiting employees externally
- Focuses on leadership continuity and improved knowledge sharing
- Provides more effective monitoring and tracking of employee proficiency levels and skill gaps
Succession planning is a necessary part of an organisation's ability to reduce risk, create a proven leadership model, smooth business continuity and improve staff morale.
To read more on succession planning, click here to download our brochure.
More information?
Michael Beddoes, FCA
Director
e mbeddoes@mbapartnership.com.au
t 07 5557 8700