Successfully recruiting your next senior leader is multi-stage process that begins and ends with a well-articulated succession plan. This template outlines the key steps in the succession planning process, and provides a structure to gather input from key stakeholders and outline organizational objectives and timelines.
The contingency inventory is essential to the transfer of key knowledge in your organization. It’s a document that is updated regularly with critical information and made available to anyone at the senior leadership level. It provides a reference document for a variety of critical positions and ensures that important information is transmitted to employees who move into new positions through succession management processes. This information may also be required for a variety of other reasons, including unexpected employee departures.