Succession Planning 

Succession planning is a process for identifying and developing internal talent to assume leadership roles as current leaders transition out of those roles.  Succession planning is crucial in order to avoid an organizational crisis when someone in a key role leaves.

key advantages for employers

• Always have prepared employees to step into key roles as your company grows. A lack of qualified employee will hinder your growth plans.
• Having employees on hand and ready to step up allows you to make quick organizational changes as necessary. 
• Managers have a wider number of candidates for any open position.
• As baby boomers retire, you can be prepared for the next generation to replace them.

key advantages for employees

• Employees know that a larger role awaits them which boosts self-esteem and self-respect as well as increasing employee engagement and retention.
• Having a succession planning program in place encourages employees to engage in developing their careers.
• It allows employees to be prepared for a promotion when the opportunity arises.
• It allows the employee to know his/her skills are being shared organization-wide so that other managers may consider them when an opening occurs.

ASE can help you create succession plans and identify internal talent for key roles within your organization.  Prepare now for impending vacancies in order to avoid losing key historical knowledge and struggling to fill a key role.