Succession Planning
Develop succession strategies for critical roles in alignment with organisation’s strategic direction and priorities
Type
Functional
Competency Area
Human Capital Management
Levels
Uses models and methods for managing succession
Market trends and developments impacting succession management
Organisational policies and procedures related to succession planning
Links between succession planning and organisational strategy
Principles of succession management
Tools and techniques used to review succession planning strategies
Implement succession planning strategies
Implement succession planning strategies according to overall plan
Educate stakeholders on the importance of succession planning
Identify feeder positions for leadership roles within the organisation
Identify successors for critical leadership positions in the organisation
Create development and retention plans catered to identified successors
Document activities of succession plans to be carried out
Evaluate implications of future business demands on critical roles
Integrate succession plans into talent management programmes
Identify potential improvements and enhancements to the succession planning strategies
Review succession planning records and reports
Implement best in class developments related to succession management
Establish succession planning strategies in line with organisational objectives
Determine ways to plan for critical roles internally or externally
Consult key stakeholders to identify critical leadership roles for succession planning
Assess the organisation’s vulnerability based on the critical roles identified
Monitor implementation of succession planning activities throughout the organisation
Review the effectiveness of succession planning
Monitor emerging market trends that may impact the succession management programmes
Develop succession planning strategies
Policies and procedures that may impact succession planning within the organisation
Relevant industry codes of practice related to succession management
Organisation's future business and people agenda
External sources of senior talent pool
Statistical analysis tools and techniques for evaluating the effectiveness of succession planning