Definition of common terms - Succession Planning Module 1 Zamil

The overall process of identifying, developing, and preparing individuals to fill key leadership roles within an organisation.

• Mentoring

• Contingency planning

• Succession planning

• Knowledge transfer

An individual who has been identified and groomed to take over a specific leadership position when it becomes vacant.

• High-potential employee

• Coachee

• Mentee

• Successor

The systematic process of enhancing the skills, knowledge, and capabilities of employees to prepare them for future leadership roles.

• Career path

• Leadership development

• Gap analysis

• Talent pipeline

A pool of high-potential employees who are considered potential successors for various roles within the organisation.

• Talent pipeline

• Succession planning

• Talent management

• Retention strategy

Ongoing assessments and feedback provided to potential successors to track their progress and development.

• Knowledge transfer

• Skills assessment

• Feedback and evaluation

• Continuous improvement

An individual with demonstrated potential to assume leadership roles based on their skills, performance, and growth potential.

• High-potential employee (HiPo)

• Successor

• Manager

• Mentor

The creation of backup plans and strategies to ensure business continuity in the event of unexpected leadership vacancies.

• Retention strategy

• Gap analysis

• Succession planning

• Contingency planning

The evaluation of an individual's current skills, competencies, strengths, and areas for improvement to determine their readiness for leadership roles.

• Talent attrition

• Crisis management

• Skills assessment

• Risk mitigation

A set of actions and initiatives designed to keep high-potential employees and key talent within the organisation.

• Promotion

• Retention strategy

• Feedback and evaluation

• Succession planning

A developmental relationship in which an experienced leader guides and supports a less experienced individual in their career and leadership development.

 

• Leadership development

• Risk mitigation

• Mentorship

• Coaching