Succession Planning Definition


Succession Planning is defined as the systematic process of recognizing and creating future leaders who are able to take the position of the old ones when they leave the organization due to retirement, resignation, termination, transfer, promotion or death.

In finer terms, it is a modern technique followed by many companies, that concentrates on identifying the prospects, out of many employees in the organisation, who might be possible successors, for the key positions.

Share This Post

Recent Articles

© 2019 Human Resource Management. All rights reserved.