The HR Guide to Effective Succession Planning
The HR Guide to Effective Succession Planning
Succession planning protects organizations from costly leadership gaps by preparing high-potential employees for critical roles before they open. Poorly managed transitions can erase billions in market value, while proactive planning ensures business continuity, reduces costs, and boosts retention. Effective plans identify key roles, assess internal talent, provide development and mentoring, and document processes with regular reviews. Success requires HR leadership, executive buy-in, and a culture of growth and transparency. Leveraging HCM technology, like Criterion’s platform, streamlines succession by tracking readiness, mapping talent, and aligning leadership pipelines with long-term strategy.
