CASE Tool 3-7 Succession Planning
$0 Coalition Member $15 ACEC Member $30 Non-Member
Description
A critical component of talent management is succession planning. Training, development, career planning (employee-centered), career management (organization-centered), and replacement planning are all key elements of succession planning. Successful succession planning helps an organization cope with talent scarcity, identify skill gaps and training needs, promote knowledge transfer to retain institutional knowledge, increase morale and retention by investing in employees, and create bench strength for unique and highly specialized skill sets.