SUCCESSION MANAGEMENT
Succession planning is a focused process for keeping the right talent in the pipeline for specific and sensitive positions.
It is generally a process of preparation, not pre-selection.
A common misconception of many business leaders and HR practitioners is that succession planning is a complex process and a practice restricted to the largest organizations with the most sophisticated organizational development departments.
On the contrary, succession planning can be of great value to smaller organizations that have fewer resources available for knowledge management programs and the formal, structured development of employees.
Every organization should prepare and plan adequately for succession to ensure growth, sustainability and relevance.
Want to know how to build a culture of churning out the best heads for top management and other sensitive positions within your organisation?
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