Succession vs. Replacement Planning

Succession planning and replacement planning are two different things. Replacement planning is focused on identifying immediate understudies, while succession planning is focused on developing talent to move forward.
In replacement planning, less focus is given to the employee talent development. On the other hand, succession planning approaches towards the future. It focuses on developing succession candidates to present a proactive solution when an unforeseen loss of talent happens. We can also say that succession planning is the process of identifying the critical positions within your organization and developing action plans for individuals to assume those positions.