A strategy to identify and develop future leaders within the company across all levels. It is an important part of the talent management process as it enables companies to manage leadership recruitment in-house.
Success planning is not a straightforward process. When the organisation’s needs converge with an employee’s interests, it enables a businesses to prepare people with high-potential for advancement. Being proactive with a plan, pinpointing succession candidates, investing in professional development and most importantly, doing a trial run of the success plan is important to keep the ball rolling.