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Manager succession planning is the process of finding a successor for managerial roles that are either niche, challenging to recruit or critical to an organization’s growth. Managerial succession planning ensures that managers and organizations continue with their business as usual, without interruptions, amid transitions caused by attrition, death or a change of guard.
Managerial succession planning is a process by which new internal managers are identified and developed to replace existing managers to ensure business continuity. It is facilitated via cross-training processes and individual and team-work plans, aligned with departments or organizational strategies to find viable successors. Managerial succession planning has a positive impact on the workforce as it prepares them for career progression.
Succession planning is a detailed and vital undertaking to identify people who could immediately, or after targeted development, assume key positions. Considering the evolving workforce, various companies ensure that the succession plan is adhered to periodically and is adapted at all levels, be it leadership roles, mission-critical positions or niche roles.
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Succession planning is a comprehensive activity for all-round business continuity, from planning, understanding the types, the right process and tools.
Organizational Planning is important for the survival and growth of an organization. It dives into Leadership Development, Succession Planning, and HiPo Identification.
Learn how you can ensure an ideal succession with a healthy talent pipeline using the right succession planning strategies and succession planning steps.
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