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    Succession Planning

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    niranjana
    Succession planning is the process of ensuring skilled employees are available to meet organizational objectives by identifying high potential employees, providing development opportunities, and replacing key managerial positions. It aligns succession with strategy by determining needed skills and experiences while potentially facing issues like favoritism, hidden talent, selection bias, and unpredictability.

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    Succession Planning

    Uploaded by

    niranjana
    31 views4 pages
    Succession planning is the process of ensuring skilled employees are available to meet organizational objectives by identifying high potential employees, providing development opportunities, and replacing key managerial positions. It aligns succession with strategy by determining needed skills and experiences while potentially facing issues like favoritism, hidden talent, selection bias, and unpredictability.

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    Succession Planning

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    HR

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    Succession planning is the process of ensuring skilled employees are available to meet organizational objectives by identifying high potential employees, providing development opportunities, and replacing key managerial positions. It aligns succession with strategy by determining needed skills and experiences while potentially facing issues like favoritism, hidden talent, selection bias, and unpredictability.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    31 views4 pages

    Succession Planning

    Uploaded by

    niranjana
    Succession planning is the process of ensuring skilled employees are available to meet organizational objectives by identifying high potential employees, providing development opportunities, and replacing key managerial positions. It aligns succession with strategy by determining needed skills and experiences while potentially facing issues like favoritism, hidden talent, selection bias, and unpredictability.

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    Succession Planning

    Succession Planning
    Succession Planning: The process of ensuring that pools of skilled employees are trained and available to meet the strategic objectives of the organization.

    Replacement planning: The process of finding replacement employees for key managerial positions.

    PROCESS OF SUCCESSION MANAGEMENT


    Align succession management plans with strategy Identify the skills and competencies needed to meet strategic objectives
    Identify high potential employees Provide developmental opportunities and experiences.

    Succession Planning
    Negative aspects of Succession planning: 1. Elitism- favouring a special group of people. 2. Risk of spotlight: Hiding the capable employees from the spotlight. 3. Selection bias: Similar to-me selection bias is more prevalent. The executive believe more in their own kind of people. 4. Unpredictable future: Nothing is sure in present scenario, so some times the company has to go for downsizing without having accurate plan for the employees.

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