The Practice of Succession Planning

 

The objective of Succession Planning is to provide continuity of management to ensure that the organization has the right leaders in the right places at the right time.

Essentially, it is about how to plan and align human resources with the overall business planning process. Succession Planning (or Management Continuity Planning), as part of HR Planning, is about preparing successors to assume key roles within the business, particularly during critical points of a business’s growth and development cycles.  At its most fundamental level, succession planning is a…


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