What is Succession Planningโโ
Succession planning is :ย โโโ
๐ย The process of identifying and developing key talent within an organization to ensure the continuity of critical roles.
๐ย It involves selecting top performers and potential leaders, mentoring them, and preparing them for advancement into higher-level positions.
๐ย This strategic approach not only helps in filling vacancies due to resignations or retirements but also future-proofs the organization by ensuring that there are capable individuals ready to step into key roles when needed.
๐ย For any business, be it a small organisation or a multinational corporation, succession planning is an essential aspect of the success of an organisation.
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