What are replacement charts?
- Replacement charts are a technique used to estimate succession planning to assist organisations in visualising important job positions/ roles, existing employees and the current and oncoming future job positions.
- Positions are laid out besides details like possible replacements, potential promotion and gender.
- The updates that are made to the replacement charts are to be made regularly or to be at least made annually. Particular in retaliation to fluctuations in economic conditions or company activity.
- Replacement charts are a way for companies to see the employees that are ready for a promotion and the employees that will be ready for promotion in the upcoming future.