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Jun 11, 2024 · What Is Succession Planning? The term succession planning refers to a business strategy companies use to pass leadership roles down to another employee or group of employees.
Feb 23, 2022 · Learn what succession planning is. Discover how to create or improve your succession planning process with the best practices and downloadable template.
Succession planning is the strategic process of identifying and developing internal candidates to fill key organizational roles to ensure business continuity and leadership in the face of role transitions, departures, or unforeseen events. It is relevant to all companies, large or small, for-profit or nonprofit.
Succession planning is identifying and growing talent to fill business-critical positions in the future.
Nov 18, 2022 · What is succession planning? A key function of human resource management, succession planning is the process of preparing employees to assume new roles in your organization when they become available. The goal of succession planning is to ensure a smooth transition after key employees go on sabbatical, resign, retire, or pass away.
Aug 29, 2018 · Succession planning is a talent management process that builds a pool of trained workers who are ready to fill key roles when leaders and other key employees step down.
Succession planning is the process whereby an organization ensures that employees are recruited and developed to fill each key role within the company. During the succession planning process, you ensure that you will never have a key role open for which another employee is not prepared.
