Succession Planning Explained in 3 Minutes

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[@doublej5516]

When it comes to succession planning Most companies focus on only filling vacancies. But that’s only half the story. The real power? Building a leadership pipeline that’s ready to step up when it matters most. Here are the 5 metrics every leader should track: 1 - Bench Strength - Do you have "ready-now" candidates for key roles? If not, you're playing catch-up. 2 - Successor Pool Depth - How deep is your talent bench? Thin talent pools can leave you scrambling when someone exits. 3 - Diversity of Successor Pool - Are your future leaders diverse? Without a mix of perspectives, innovation stalls. 4 - Successor Placement Rate - Are identified successors stepping into leadership roles, or are they slipping through the cracks? 5 - Leadership Competency Gap - Do your potential leaders have the skills to lead?