Talent strategy is broader than succession planning. Talent strategy connects a company’s business goals to the people, roles, leadership capabilities, development priorities, and hiring decisions needed to execute the strategy. Succession planning focuses more specifically on leadership continuity for critical roles.
The two should work together. Strategic Talent Partners helps companies align high-potential talent, leadership readiness, development priorities, and succession plans with strategic growth goals. Talent strategy answers, “What leadership capabilities do we need for the future?” Succession planning answers, “Who is prepared to step into critical roles, and what must we do to prepare them?”
