Succession planning and management is an essential component of
human resource planning. The role of succession planning and
management in human resource planning are listed below:
- Identify key areas and positions of an organization.
- Once key areas and positions are identified it helps to
identify the capabilities.
- Find out the interested employees against the
capabilities.
- Develop and implement succession and knowledge transfer
plans.
- Measure effectiveness
Advantage of Succession planning and management:
- It helps to improve the employee engagement.
- It helps to develop the qualified pool of candidates.
- It helps to increase the productivity.
- It helps to achieve the business goals.
- It helps to identify the qualified future leaders.
Diagram:
