Don’t Wait Until it’s Too Late: The Importance of Succession PlanningPooja Mulge
Friday, 21 April 2023, 4:38 pm IST
The importance of succession planning, the approach of an organization, identifying potential candidates for critical roles, and implementing challenges are some of the key aspects of succession planning.
- The organization gives importance to the positions that provide well-rounded exposure to an individual and help develop leadership bench strength.
- From a talent development lens, it is a proactive process to identify and groom high-potential employees and prepare them for future leadership roles.
- Engagement: Critical positions require people with a higher degree of commitment and accountability.