is the process of determining critical
roles,identifying and assessing possible successors,experience for present and future opportunities.
- Recruitment and staffing - you recruit superior and right
employees
- Training and development - you train the employees to
develop their knowledge, skills and abilities
- Performance and Compensation management - prepare them
for advancement or promotion into ever more challenging roles
- Other (in which talent management plays a role) - you
are prepared to retain or replace superior employees
- Determine what roles and skills are critical for the
growth of the company
- analyze and address the gaps revealed by the planning
process
- Identify and understand the developmental needs of employees
to fill those positions
- Ensure that all key employees understand their career
paths and the roles they are being developed to fill
- Train people for skills and positions that are not presently
existing in the company
- Understand the time needed to backfill key roles
- enrich succession plans through regular executive discussion
of people and posts
- Identify top performers in all departments and make sure
that they are engaged and satisfied to stay with you for a long period
- Continually review and check the process of succession
and whether planned individual development has taken place
is a process by which successors are
identified for key positions throughout an organization including vital roles
in each department of the organization. It should take into account the strategic
vision and objectives of the organization. With good succession planning
in place, employees are ready for new leadership roles so when someone leaves
the company, another is skilled and ready to step-up to that position.
can also help develop a diverse workforce, by enabling senior management
to look at the future goals of the organization as a whole. So the key issues
the HR professionals should consider while developing a succession plan are –
- Strategic plans and future goals
- Workforce requirement
- Knowledge retention and critical roles
- Talent management strategies
