Succession Planning Basics

10

Evaluating Your Plan

 

Introduction

As noted in the beginning of this book, succession planning is a process, not an event. This chapter emphasizes the importance of performing ongoing checks and balances to evaluate and revise the plan as needed. Evaluations and updates are the keys to continuous improvement of the system.

The measures that are used to evaluate succession planning effectiveness may range from simple methods, such as an assessment of stakeholder satisfaction, to more sophisticated processes, such as calculating return on investment or conducting a cost-benefit analysis by comparing in-house promotions versus outside hires. The succession planning team or an independent team may conduct the evaluation of the program.

Keep in ...