A Succession Plan is a strategy to identify and develop internal candidates to fill key roles, ensuring continuity when leaders or critical staff leave.
- What is a succession plan?
Answer: It is a strategy to prepare internal candidates for key roles. - What does it include?
Answer: It includes candidate identification and development plans. - What are the benefits?
Answer: It ensures leadership continuity and retention. - What are the challenges?
Answer: Challenges include readiness and bias. - How does HR manage it?
Answer: HR identifies talent and tracks progress.
