Ask a CEO to define succession planning. There is a good chance that, if you do that, you will find that the average CEO confuses replacement planning and succession planning. But they are truly not the same.

Replacement planning assumes that the organization chart will remain unchanged over time. It usually identifies “backups” for top-level positions, as they are identified on the organization chart, and stops there. A typical “replacement chart” will list about 3 people [...]

There are two forces at work today that are driving organizations to consider some form of succession planning as a component of an overall talent management strategy: the aging of the workforce; and a shortfall in the skills possessed by those available for recruitment. Both are projected to become more pressing. But what exactly is succession planning and how will it address these growing human resource issues?

Succession planning, sometimes called succession management to [...]

It’s important to cast a broad net when considering the role of employee performance and talent management in your organization. On some level, employee performance management impacts all the most important people issues in an organization. It includes the entire relationship an organization has with its people, and helps it to achieve company goals through conversations between management and employees.

By establishing an effective employee performance management system, a work environment is created in [...]