Succession planning
Succession planning is the process of identifying and developing internal employees who have the potential to fill key leadership or critical positions within an organization when current employees retire, resign, or are promoted. The goal of succession planning is to ensure that the organization has a pool of qualified candidates ready to step into important roles, minimizing disruptions to operations. This process involves assessing current talent, providing training and development opportunities, and preparing high-potential employees for future responsibilities. Effective succession planning helps retain valuable employees, reduces turnover, and ensures long-term organizational stability.
