What would your company do if your CEO suddenly retired? What if a star performer left to work for a different employer? What if you wanted to promote an employee, but couldn't because no one else could fill his or her current position?

Companies should always be thinking about who their next potential leaders will be to replace managers who retire, move, or are promoted. Succession planning can be crucial in keeping the company running smoothly when there are changes in leadership. These steps can help you cultivate potential leaders and high performers among current employees.

• Think towards the future. Where do you see the company going and who would best help take it there?
• Focus on the position. Don't try to find a carbon copy of the current manager. Focus instead on the job itself and who can perform and develop it excellently.
• Keep an open mind. Don't just look at the obvious top performers and overlook someone within the company who quietly does an outstanding job. Also consider soft skills such as emotional and personal connectivity.
• Communicate openly. Let promising employees know that they have potential for greater things within the company and train them in skills they may need to seamlessly step into a role.

For help in developing your company's succession plan, please contact Nextep's HR department at hr@nextep.com or 888-811-5150.