(Editor’s Note: This article is an excerpt from my new book, “The Recruiter’s Handbook: A Complete Guide for Sourcing, Selecting, and Engaging the Best Talent“ (SHRM, 2018) SHRM members can order a discounted copy at the SHRMStore. Enjoy!)
If there’s one activity that has more of an impact than succession planning, it’s replacement planning. Although the term is frequently used in the same conversations, they’re two different things. A replacement plan identifies “backups” for positions. Traditionally, it focuses on top-level positions, but it can be done for any key position in the organization.
Replacement planning is often mentioned in conjunction with succession planning