"Mettl’s assessments have been the biggest filter in our recruitment process. Their platform has helped us reach out to a higher volume our applicant numbers. Mettl constantly keeps innovating on their products and tries to introduce a new aspect to everything."
Company succession planning, also known as corporate succession planning, is the process of finding and developing successors to appoint for critical leadership positions or CXO or CEO-level positions in a company. It is a form of long-term planning for a business to preserve culture, skills and reputation built over time.
Company succession planning is a straightforward step-by-step process that lays all the procedures for a company’s change in ownership. The intriguing part of a company succession plan is that the transfer of ownership does not have to go to a family member. It can be a co-owner, a key employee, an outside party, or even another company – whatever ensures its best interest. A corporate succession plan is often also undertaken to understand the strengths and vulnerabilities for critical positions, enabling HR professionals to identify and develop talent whenever necessary.
CEO succession planning is a straightforward, thought-out, step-by-step process wherein a sizeable number of candidates are reviewed, monitored and scrutinized to find a successor to a current CEO, MD or other such leadership roles.
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.Read More
Future-proof your business with digital succession planning approach
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.
The World of Online Education and HR is a dynamic mix of complex technologies and challenges. We help you navigate the chaos, learn and grow.