As part of an employer’s performance management process, it should also have a succession strategy for key roles in place, says Mary Herrmann, managing director of executive coaching at BPI Group, a global management and human resources consulting firm in Chicago. Not only does succession planning give employees a glimpse into their potential career paths but it also prepares an employer should an emergency happen and allows the employer to gauge its future talent pool. By following these four tips, an employer can create a more effective succession plan.

Develop a planning and communications strategy

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