What is Succession Planning? admin March 21, 2017 Tips & Secrets Succession planning concentrates on identifying and utilising talent in an organisation to fill future industry-critical positions. Due to the lack of confidence in management potential and skills shortages, succession planning is gaining popularity. Therefore, the practice is carried out in both smaller and larger organisations. Part of a Firm’s Business Strategy When succession planning is practiced in the human resources field, it is connected with a firm’s business strategy. For instance, if your business is expanding overseas or growing by acquisition, these two factors will be used to identify and develop a successor. When succession planning is employed, it gives human resource managers and company executives the opportunity to review the overall management structure and culture of a business. For instance, businesses that have been developed by a dominant owner-manager may have to move towards a devolved management style, one where a stronger management team and greater delegation are both emphasised. Why Succession Planning is an Offered Course As a result, effective succession planning begins years in advance, giving human resource professionals time to develop successors with the right skills and experience. Human resources management courses include succession planning in their curriculums. Each part of this course enables participants to understand the connection between succession planning, talent management, and performance management. Training in succession management is also used to highlight the role human resources plays in projecting future business needs and formulating certain strategies. These strategies are used for attracting, retaining, and developing people who are skilled and noteworthy. A training session in succession management is especially designed for human resource managers or organisational managers who wish to develop their understanding and skill set to create efficient resourcing plans, manage talent, and develop robust succession plans inside their organisations. Course Content: What is Included? Course content for this type of training includes effective succession planning, the role of HR, managing learning and development, developing the succession planning process, and effective monitoring and evaluation. In the first part of the course, students learn how the leadership pipeline is built and how succession planning is linked with the talent development process. Students then go on to contrast succession planning with performance management. After the aforementioned course work, students review the role of human resources. This role includes learning how succession planning is linked with business planning and how it is used to forecast future needs and strategic alignment. Identifying successors and competencies are also included in this part of the curriculum. Managing Learning and Development Under the topic of managing learning and development, students learn the strategic approach to succession planning and obtain further skills in career planning and personal development management. When learning how the succession planning process develops, participants are taught to develop and implement succession strategies whilst discovering how strategic and workforce planning decisions are linked. Under the topic of effective monitoring and evaluation, students learn to track talent pool selections and conduct the appropriate follow-up. Regardless of your reason for taking succession planning training, you will find that this type of coursework will enable you to expand your reach in your organisation. Use this course as well as other HR courses to strengthen yourself in your career.