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What is Succession Planning? Benefits, Process & Meaning - HRMantra
What is Succession Planning? Benefits, Process & Meaning - HRMantra
Minutes: 1-2
Succession Planning
It is a process for developing and identifying leaders that can replace the current leaders when they leave, die or retire. The planning methodology increases the availability of able and experienced employees so that they can take up these roles as and when they get vacant.
Tips for Creating an Effectual Succession Plan
- Be proactive and establishing the system.
- Make it multi-level yet systematic.
- Provide support at the top.
- Develop using experience.
- Keep the process transparent.
- Measure the results of the program.
This planning plays a very crucial role in identifying the employees who have the skills or the potential to move up in the organisation.
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