What is Succession Planning? Successful succession planning develops a pool of talent so that there are numerous qualified candidates throughout the o
{"Image DocumentName": "What is Succession Planning?", "Image ImageDescription": "Successful succession planning develops a pool of talent so that there are numerous qualified candidates throughout the organization to fill vacancies in leadership. This strategy requires recruiting qualified talent, creating a talent pool, and instilling loyalty. Identify long-term goals and objectives: The long-term goals directly relate to succession planning. Understand the needs of the company: The responsibilities related to different positions are subject to change. Consider which positions may be eliminated and which ones will be added. Recognize trends in the workforce and engage employees: Understand the changes occurring in your company. For example, are your strategic employees nearing retirement? Invest in employees, and provide them with new responsibility. Successful succession planning develops a pool of talent so that there are numerous qualified candidates throughout the organization to fill vacancies in leadership. This strategy requires recruiting qualified talent, creating a talent pool, and instilling loyalty. The Requirements of Succession Planning: Identify long-term goals and objectives: The long-term goals directly relate to succession planning. Understand the needs of the company: The responsibilities related to different positions are subject to change. Consider which positions may be eliminated and which ones will be added. Recognize trends in the workforce and engage employees: Understand the changes occurring in your company. For example, are your strategic employees nearing retirement? Invest in employees, and provide them with new responsibility.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}