Succession planning is a process for identifying and developing new leaders who can replace other leaders when they are promoted, leave, retire, or otherwise become unable to continue in their current role. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available. Succession planning enables the organization to plan for changes in personnel for seamless transitions. Talent management helps retain and develop the key talents that the organization needs to be successful. Succession planning and talent management are future-focused activities that look out many years to identify, develop, prepare, and eventually assist the right talent for the right positions. Talent management is a strategy for identifying and developing future leaders in an organization not just at the top, but also for major roles and key positions at all organizational levels. Succession planning helps the organization prepare for all contingencies by preparing high-potential employees for advancement. The purpose of this planning is to help to understand talent management and use the skills to build an actionable succession plan for the organization.