Succession Planning is part of the human resources planning process. It involves an integrated, systematic approach for identifying, developing, and retaining capable and skilled employees in line with current and projected business objectives. Succession planning is a strategy for passing on leadership roles and critical positions to an employee or group of qualified employees when they become available. It ensures that businesses continue to run smoothly and give confidence to all stakeholders. Best-in-class organizations go beyond the traditional approach and focus on an integrated succession management process to enhance leaders’ current and future capabilities throughout the organization.
In this program, participants will learn how to develop a Succession Planning program in their organization. Participants will also learn how to analyze the critical position, build the talent pool, and assess their crucial talent’s readiness level.