Succession planning ensures that there are highly qualified people in all key positions, not just today, but tomorrow, next year, and five years from now. Succession planning establishes a process that outlines the specific competencies desired for the organization; identifies all key positions in the organization and the specific competencies for these key positions; identifies potential future candidates from within the organization and profiles of future recruits; and provides development opportunities and individual development plans to these potential candidates through Training & Development, coaching, mentoring, and on-the-job training.