What information should an employer provide to its employees about its succession planning process?
Author: Warren N. Rothman, Blue Prairie Group, LLC
An employer should openly communicate with its staff about the existence of and goals for the succession planning process, with particular attention to the organizational level(s) within the process's scope. Such communication should emphasize the goal(s) of the process along with the potential benefits both to the organization and the individual employee (it is important to address "WIIFM" - "What's in it for Me").
While there is a risk in sharing too much information, as it may raise expectations unrealistically, the upside benefits typically outweigh the downside risks. An employer's commitment to this "grow and develop from within" culture can also be an important selling point to potential outside hires and should be shared accordingly.