Succession Planning is the ongoing process of preparing for future leadership transitions by developing a pipeline of skilled employees for key positions.
- What is succession planning?
Answer: It is preparing a pipeline for future leadership transitions. - What steps are involved?
Answer: Steps include assessment, training, and monitoring. - What are the benefits?
Answer: It reduces disruption and builds talent depth. - What are the challenges?
Answer: Challenges include time and resource investment. - What role does HR play?
Answer: HR designs and oversees the process.
