Creating a leadership pipeline
When employees at key positions leave their organizations, they cause a scramble for HR teams who have to quickly find the right talents to successfully fill these roles. Yet, the effect can be very serious when dealing with senior roles that have a wide impact on the business and performance of a multitude of employees.
Succession planning involves an incorporated and systematic approach to identify, develop and qualify skilled and capable employees to take on senior roles when the existing employees leave the company. It helps plan for the worst by expecting the best.