Chapter 9
Succession Management
Strategic Human Resource Planning
Importance of succession Management
Succession Management: the process of ensuring that
pools of skilled employees are trained and available to
meet the strategic objectives of the organization.
It consists of a process of identifying employees who
have potential to assume the key positions in the
organization and preparing them for these positions.
It ensures continuity in the leadership
Evolution of succession management
Replacement Planning: the process of finding
replacement employees for key managerial positions
Evolution in succession management has taken place
by
Broadening the focus
Expanding the time horizon
creating the talent pool of replacements
Improving the evaluation system
Succession Management Process
Align Succession management Plans with the strategy
Identify the skills and competencies needed to meet
strategic objectives
Job Based Approach
Competency Based Approach
Identify High Potential Employees
Temporary Placements
Replacement Charts
Strategic Replacement
Talent management culture
Succession Management Process
Provide developmental opportunities and experiences
MANAGEMENT DEVELOPMENTAL METHODS
Promotions
Job rotations
Special Assignments
Formal training And development
Mentoring and Coaching
Monitor Succession Management
Succession Management Soft Spots
Elitism
Risk of the spotlight
Selection Bias
Unpredictable futures
Questions…