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Succession Planning
Succession planning prepares people and organizational roles for continuity through future staffing and leadership changes.
In the workforce context, succession planning identifies important roles and prepares talent to support continuity when people leave or responsibilities change. It includes assessing future needs and developing people for those needs.
For a property-management organization, an application is to identify knowledge concentrated in one role and create development opportunities before a vacancy occurs. This definition concerns organizational roles, rather than transferring ownership of a property or business.
Source: U.S. OPM: Succession Planning.
Frequently Asked Questions
Is succession planning only choosing an immediate replacement?
No. OPM describes identifying, assessing and developing talent to sustain continuity. Preparing people and understanding role needs go beyond filling a current vacancy.
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