What is Succession Planning?
Succession planning is a strategic approach to ensure that necessary talent and skills will be available when needed, and that essential knowledge and abilities will be maintained when employees in critical positions leave.
To identify and proactively plan for critical work force positions, by developing a pool of potential successors and encouraging a culture that supports knowledge transfer and employee development.
The succession planning will be developed by going through a 5 steps succession planning procedure:
Step 1: Identify critical positions
Step 2: Identify competencies
Step 3: Identify succession management strategies
Step 4: Document and implement succession plans
Step 5: Evaluate Effectiveness
10 working days
- Succession Plan