Does your organization have a plan in place in the event of a C-level departure?
Making sure that a top internal candidate will be well prepared to make the leap to a new position depends on careful and diligent planning. Succession planning identifies and prepares potential candidates to take on a leadership role, ensuring a smooth transition and minimizing any negative impacts.
KLR’s comprehensive succession plan typically includes:
- Identifying potential internal and external candidates,
- An assessment of the candidates’ skills and readiness, and
- A timeline for transition
KLR can work with you to establish development plans that can determine and accelerate talent’s readiness to assume a new role within your organization. Effective succession planning is critical for long-term success, as it helps ensure continuity of leadership, promotes stability, and helps retain key talent.