— Search out your stars. Look for employees who have strong talents, skills that will help the business grow, and a creative and enthusiastic stance toward their work.
— Align your succession plan with the company’s core values. That should include key competencies and positions, required skills, and a careful examination of future goals.
— Let your succession plan help fill the gaps. If you detect a lack of strong financial skills in a key department, now is the time to take care of those holes.
— Look at the age of your workers. If you have an aging workforce with employees approaching retirement, it’s important to focus on developing talent over the long term.