Practical Steps to Use AI as a Tool in Your Succession Planning

HR Question: My company needs to start succession planning. What practical steps can I take to use AI as a tool for improving my succession planning process?

HR Answer: Succession planning is an effective organizational strategy that enables companies to prepare for the future by identifying, developing, and promoting high-potential talent from within. A strong succession plan allows companies to gain confidence that they are prepared for unexpected transitions, while boosting employee morale and loyalty. This is done through a structured investment in the growth of their employees. This process safeguards priceless institutional knowledge and identifies the unique skills and leadership qualities the next generation of leaders will need to thrive. Succession planning is not just important; it’s an exciting opportunity to shape the future of the organization.

According to Korn Ferry, while 90 percent of organizations acknowledge the importance of succession planning, only 37 percent actively back the need financially. This reminds us to “work smarter, not harder” and look to AI to help further this initiative within our organizations.

Please select this link to read the complete article from OSAP member Clark Schaefer Strategic HR.