Succession Planning Policy Template

This succession planning policy template has 3 pages and is a MS Word file type listed under our human resources documents.

Sample of our succession planning policy template:

SUCCESSION PLANNING POLICY PURPOSE The purpose of this Succession Planning Policy is to outline [COMPANY NAME]'s commitment to identifying and developing internal talent to ensure the continuity of leadership and key positions within the organization. This Policy aims to establish guidelines and procedures for the systematic and strategic approach to succession planning. SCOPE This Policy applies to all employees and positions within [COMPANY NAME] that are considered critical to the organization's long-term success. Succession planning encompasses leadership roles, specialized positions, and key contributors at all levels. POLICY STATEMENTS Identification of Key Positions [COMPANY NAME] will identify key positions based on their strategic importance to the organization, specialized knowledge, leadership responsibilities, or other critical factors. Succession Candidates Succession candidates will be identified from within the organization, considering factors such as performance, potential, and alignment with company values and culture. Development Plans Identified succession candidates will have individualized development plans that include training, mentoring, job rotations, and exposure to leadership opportunities. Leadership Pipeline [COMPANY NAME] will establish a leadership pipeline to track and groom high-potential employees for future leadership roles. This pipeline may include identified successors for specific positions. Assessment and Evaluation Succession candidates will be regularly assessed and evaluated to measure progress and determine readiness for advancement. Competency and Skill Gaps