Succession planning enables your organization to identify talented employees and provide education to develop them for future higher level and broader responsibilities. Succession planning helps you “build bench strength.” Succession planning helps you decide where people belong in your organization and also provides a long-term outlook of the future needs of the organization.
Through your succession planning process, you also retain superior employees because they appreciate the time, attention, and development that you are investing in them. To effectively do succession planning in your organization, you must identify the organization’s long term goals, hire superior staff, and be able to identify and understand the developmental needs of your employees. You must also ensure that all key employees understand their career paths and the roles they are being developed to fill. You need to focus resources on key employee retention. You need to be aware of employment trends in your area to know the roles you will have a difficult time filling externally.
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