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Succession Planning vs Replacement Planning - Which is Best?

 

Speaker Name :William Rothwell


Recorded Session

90 Minutes

Ask a CEO/HR folks of a company to define succession planning and there’s a good chance that he/she will confuse it with replacement planning. But the fact is, they are different from each other.

Replacement Planning Vs Sucession Planning

Replacement planning usually identifies “back-ups” for all top positions in a company. They are identified on the organization chart and it stops there. All typical replacement charts will list about three persons as backups for each top-level positions and are likely to indicate how far the backups are ready to take over the role of the current incumbent.

Succession planning is oriented around developing people instead of merely identifying them as replacements. The goal of succession planning is to have a deep strength all through the organization, so that, whenever a position falls vacant, there are enough qualified candidates in the company, who can be considered for advancement.

Things to consider:

  • How is succession planning different from replacement planning?
  • What are the pros and cons of your current replacement planning strategy?
  • Why is succession planning needed? 
  • What are the essential components of a succession planning?
  • What are the most common problems that organizations experience in getting started with succession planning? 
  • Why the need for succession planning is more significant than ever in 2019? 

Overview of this course:

Replacement planning is risk management and disaster planning for people. It answers the question “what do we do if a key person is on a plane that crashes?” While replacement planning is not succession planning or talent management, it can be a very good place to start the journey toward a robust succession program by getting managers to think hard about how to assess the promotion potential of people objectively and how to develop people for more responsibility.

In this session, you will learn about using Replacement planning to get a jump start toward Succession planning.

Areas will be covered 

  • Defining replacement planning
  • Comparing replacement planning to succession planning and talent management
  • A step-by-step model to guide replacement planning
  • Advantages and disadvantages of replacement planning
  • Using replacement planning to move your organization toward succession planning

Who Will Benefit

All industries and sectors of the economy need replacement planning to plan for the sudden and unexpected loss of people


ON-DEMAND

  Downloadable recorded   $229
  Training CD   $299

Speaker Profile

William J. Rothwell, Ph.D., SPHR, SHRM-SCP, CPLP Fellow is president of Rothwell & Associates, Inc. and Rothwell & Associates, LLC (see www.rothwellandassociates.com). He is also a professor-in-charge of the Workforce Education and Development program, Department of Learning and Performance Systems, at The Pennsylvania State University, University Park campus. He has authored, co-authored, edited, or co-edited 350 books, book chapters, and articles—including 105 books.

Before arriving at Penn State in 1993, he had 20 years of work experience as a training director, HR and organization development in government and in business. He has also worked as a consultant for over 40 multinational corporations--including Motorola China, General Motors, Ford, and many others. In 2012 he earned ASTD’s prestigious Distinguished Contribution to Workplace Learning and Performance Award, and in 2013 ASTD honored him by naming him as a Certified Professional in Learning and Performance (CPLP) Fellow. In 2014 he was given the Asia-Pacific International Personality Brandlaureate Award. He was the first U.S. citizen named a Certified Training and Development Professional (CTDP) by the Canadian Society for Training and Development in 2004.

His recent books include Organization Development in Practice (ODNETWORK, 2016), Mastering the Instructional Design Process, 5th ed. (Wiley, 2016), Effective Succession Planning, 5th ed. (Amacom, 2015), Practicing Organization Development, 4th ed. (Wiley, 2015), The Leader’s Daily Role in Talent Management (McGraw-Hill, 2015), and Beyond Training and Development, 3rd ed. (HRD Press, 2015).

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