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Succession planning is the process of continuously planning for and supporting the development of future leaders.

Succession planning identifies future position vacancies and recruitment needs while identifying and preparing high-potential employees for advancement.

Many organizations express concern about the lack of candidates ready to replace the losses of key leaders. Investing in continuous succession planning and leadership development efforts creates a diverse portfolio of future leaders; greater engagement and retention of high-performers; stronger organizational culture; and greater organizational stability and resilience.

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