What is the Difference Between Career Planning and Succession Planning?

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Difference Between Career Planning and Succession Planning

Planning is a fundamental aspect of any human life. Planning is a must, whether it’s for education, work, personal growth, or anything else. Without it, it will be a challenge to shape our lives. Planning, in simple language, means thinking ahead and having a proper agenda about life.

Take the race as an example; we all think about it, plan for it, and simultaneously set specific goals to achieve it.

Career Planning vs. Succession Planning

The difference between career planning and succession planning is that in career planning, a person thinks about what he is good at and then chooses a path that will allow him to reflect on it. In the future landscape, it is essential to have potential employees on board who will take charge of the organization and allow the company to grow through proper planning.

Since we have given you a general idea of ​​career and succession planning, read on to learn about both in detail.

Comparison Table Between Career Planning And Succession Planning

Benchmark Career planning  and Succession planning

Comparison

Career planning  

Succession Planning

What is the meaning

Career planning is a process in which an individual plans their career goals and ways to achieve them.

Through the succession planning process, an organization finds a critical position and potential candidates to fill the positions and help the company grow.

What is the subset?

career management

succession management

What is it for?

Career planning is for individuals

Succession planning is for organizational strategy

Positions

An individual takes charge of his life and plans accordingly

Multiple employees work for one position over a period of time

Secures

Success in an individual's career

Continuous growth of leadership skills for all key positions.

 

What is Career Planning?

Career planning is not difficult to understand. It is a process in which a person will think about what they are good at.

Think about the different prospects you might have and which one would be the best fit based on your skills and abilities.

Career Planning is done at the individual level

Career management is involved in career planning, where the individual entity will focus on their strength and, at the same time, think about the opportunities that will allow them to grow and try to execute the steps to achieve their goals.

In this way, they get to know more about their abilities and skills, identify them, and plan accordingly.

1. In career planning, the first thing a person does is think about their current career status.

2. In the next step, try to understand what they are good at. This will include your interest, skills, abilities, and more to match different open positions.

3. For the third step, one person will then go through the different options available.

4. Then comes the concrete career planning layout where they will put their planning into proper action.

5. Although they have found some good options that suit their abilities, skill sets, and abilities, they must remain flexible.

6. Finally, after calculating all the pros and cons during their career planning journey, they implement the plan.

What is succession planning?

Succession planning is not about one person but the entire company.

It comprises succession management, where the company focuses on the critical positions that are vacant and replaces them with a highly confident and skilled person who will allow the company to grow.

In this way, the organization manages to streamline the operation of its company.

During succession planning, an organization will prioritize its objectives and prepare a design to execute them.

Succession planning will include different managers and executives to identify potential candidates for the organization, access their capabilities, and hire those who are right for the organization.

Succession planning includes five concrete steps, which are followed by most businesses; here they are:

1. The first step is to identify and analyze the different critical roles they have in your organization and plan appropriately to replace open critical positions.

2. Clearly define the motivational brief and the capabilities prospective candidates must have to fill those critical roles.

3. The third is to evaluate potential candidates based on their future orientation.

4. Now is the time to identify all possible candidates based on their credentials, which will be the right fit for the organization.

5. Help new hires be prepared for their new roles after understanding their experiences.

Main Difference Between Career Planning and Succession Planning

Both individual and succession planning are different. One occurs at the personal level and the next at the organizational level.

Here is a simple explanation of the main difference between career and succession planning:

1. Career planning has more to do with individual planning, where a person thinks about his career and plans accordingly. Whereas succession planning is the improvement of the entire company and therefore encompasses the inclusion of many different people.

2. In career planning, a person considers career management, but in succession planning,

3. Succession management plays a fundamental role.

4. In career planning, an individual tries to identify his skills, interests, and abilities that will allow him to find the right career, allowing him to grow individually. However, succession planning is more about growing the business by bringing in a pool of potential candidates best suited for different critical roles.

5. In career planning, it is only about one individual. However, succession planning affects the entire company.

Frequently Asked Questions (FAQ) about career planning and succession planning

FAQ

What is the succession planning process?

Succession planning is a five-step process:

 1) The first step is where key ideas and positions are identified.
 2) In step two, the capabilities for the key areas are identified.
 3) In step three, interested employees are identified.
 4) The fourth step is developing and implementing a successive knowledge plan.
 5) The last step is the evaluation of the effectiveness.

What are the goals of career planning?

The main objectives of career planning are as follows:

 1) Identify the positive character of employees
 2) Develop awareness of the uniqueness of each employee
 3) Respect the sentiment of other employees
 4) Attract talented employees to the organization
 5) Train employees in team-building skills and techniques.

What is the definition of professional development?

Career development is a process in which a person gains knowledge about culture and work ethic, followed by work and leisure activities, transitions in lifestyle and spending patterns, starting a family, and finally settling in a preferred location. With a good package.

This entire process is lifelong and is included in professional development.

What are the four stages of the race?

A career stage model explains the phases a person goes through in their professional and personal lives.

There are four stages in this process which are as follows: the first is the establishment stage, the second is the advance stage, the third is the maintenance stage, and the last stage is the withdrawal stage.

Who is responsible for succession planning?

Succession planning is something that senior managers in any organization do.

It usually requires years of experience and knowledge only present in top management. Generally, the CEO or director of the company is responsible for succession planning.

Why do succession plans fail?

Succession planning fails due to a lack of coordination between employees and management.

It also occurs due to the lack of adequate knowledge about the performance of the task and the inadequate allocation of the budget for some redundant tasks rather than important ones.

What is nine-box estate planning?

The 9-box model is a performance and potential measurement matrix model that is a very important tool for the succession planning process and developing strategies for organizations.
 
The model contains nine boxes arranged in the x and y grid, where potential is measured along the y-axis and performance is measured along the x-axis.

Conclusion

Both career and succession planning is necessary. Even if both are different, both are critical.

Career planning is the first step a person takes to ensure they get the best opportunity in terms of employment.

However, when it comes to succession planning, the company takes responsibility for finding the right person who is a perfect fit for their critical positions.

In succession planning, the entire organization benefits, but it is only about the individual in career planning.

Reference: Orange College

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