Organisations focus on gaining competitive advantage and Human Resource Management plays a vital role in achieving the same. Succession planning has a key role to play in this as it helps the organization to man the vacant strategic level positions effectively through a thorough and effective plan so that they are always in sync with the organization and can be helpful in accomplishing the needed objectives. Succession planning is a process whereby an organization ensures that employees are recruited and developed to fill each key role within the company. Through your succession planning process, you recruit superior employees, develop their knowledge, skills, and abilities, and prepare them for advancement or promotion into ever more challenging roles. Actively pursuing succession planning ensures that employees are constantly developed to fill each needed role.
