Succession Planning Template

[Company Name] Succession Plan

Date: //________
Prepared By: ___________________________

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1. Introduction

• Purpose: To identify and develop internal talent to fill key leadership positions, ensuring continuity of operations.
• Goals:
  • Minimize disruption during transitions.
  • Retain high-potential employees.
  • Prepare for future leadership needs.

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2. Key Positions for Succession Planning

• Position Title: [e.g., Chief Executive Officer]
  • Current Incumbent: [Name]
  • Planned Retirement/Transition Date (if known): //________

[Repeat for each key position]

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3. Competency Requirements

• Position: [Title]
  • Core Competencies:
    • Leadership skills
    • Strategic thinking
    • Industry knowledge
  • Experience Required:
    • Minimum years in leadership roles
    • Specific achievements

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4. Potential Successors

4.1 Internal Candidates

• Candidate Name: ___________________________
  • Current Position: __________________________
  • Strengths:

    • ---

  • Development Needs:

    • ---

  • Development Actions:
    • Training programs
    • Mentoring opportunities

[Repeat for each candidate]

4.2 External Candidates (if applicable)

• Candidate Name: ___________________________
  • Background Summary: ____________________________________________________

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5. Development Plans

• Candidate: [Name]
  • Action Items:
    • Assign to strategic projects
    • Provide leadership coaching
  • Timeline:
    • Short-term (6-12 months)
    • Long-term (1-3 years)

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6. Monitoring and Review

• Progress Tracking:
  • Regular evaluations (e.g., quarterly)
  • Update development plans as needed
• Success Metrics:
  • Achievement of development goals
  • Readiness assessments

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7. Confidentiality

Succession plans are confidential and should be shared on a need-to-know basis.

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8. Approval

• HR Director Signature: _____________________ Date: //________
• CEO Signature: ____________________________ Date: //________