Comprehensive templates for succession plans are available online at sites such as TidyForm.com and through software packages such as Halogen. They include tools such organizational charts, employee data and qualification sheets and worksheets to help develop an effective and successful plan.
Succession plans detail how a business or organization may fill vacant positions in the event of the death, loss or retirement of key individuals. They enable the business to continue operations and meet future needs. Advance planning minimizes disruption and provides smooth transition. Good plans involve more than lists – they analyze existing talent and operations in detail and determine how to utilize individuals to their fullest potential; they also eliminate redundancies and inefficiencies to ensure the organization’s success well into the future. Succession plans are important parts of workforce planning that require careful and thoughtful attention as obligations to stockholders, employees and to the public.