Institute for Learning, Education and Development (ILEAD)
Leadership Succession Planning
Leadership succession planning is a proactive and systematic process of identifying and developing a “talent pool” for key leadership positions that have a significant impact on the mission of an organization. It also mitigates the risks associated with the planned or unplanned loss of knowledge and skills critical to the organization’s success. As the number of federal employees who are eligible for retirement rapidly increases, it is important to have a plan in place to ensure that key positions have a pool of qualified internal applicants ready to step into vacancies.
Leadership succession planning is essential for any organization because it supports the agency in:
- Identifying critical leadership positions and highlighting potential vacancies;
- Selecting key competencies and skills necessary for business continuity;
- Focusing development of individuals to meet future business needs; and
- Safeguarding the departure of critical institutional knowledge.